Listing Agency: Preble Realty LLC c***@gmail.com Show Phone

Listed By: Kristen M Preble Show Phone

Source: Exprealty

Added: Oct 20, 2025 Changed: Oct 6 Last Checked: Oct 21 at 2:26AM

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Investment Insights

Based on property information with market context.

This offering presents a turnkey wine and spirits retail operation designed for steady day-to-day sales. The property includes a bright, airy retail space along with a large stockroom to support inventory needs, and it features updated mechanical systems. The building is well maintained, and the parking lot has been freshly seal-coated and paved.

The business sits on a spacious lot with excellent visibility and ample customer parking to support convenient in-and-out access for shoppers.

This is being offered as a proven, consistently profitable operation with strong year-over-year growth, ready for new ownership.

Key Highlights

• Turnkey wine & spirits business with a bright, airy retail space
• Large stockroom for product storage
• Updated mechanical systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,616

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$552,320 $552.3K

Cap Rate 7%

$394,514 $394.5K

Cap Rate 9%

$306,844 $306.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,214 SF

Gross rent

$41.2K $18.60/SF

− Vacancy

−$1.7K −$0.78/SF

EGI

$39.5K $17.82/SF

− OpEx

−$11.8K −$5.35/SF

NOI

$27.6K $12.47/SF

Area

Washington County, NY

Vacancy

4.20%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$552,320

Cap Rate 7%

$394,514

Cap Rate 9%

$306,844

Alternative Uses

Best Use

Retail

$394.5K

$345.2K – $460.3K (±1% cap)

NOI $27,616 @ 7.0% cap · market cap 4.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$549.3K

$480.6K – $640.8K (±1% cap)

NOI $38,449 @ 7.0% cap · market cap 6.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Black Dog Wines ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Storage Facility Barber Shop Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

190

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 100%

Cambridge IGA Groceries

5,366 visits/mo 0.1 miles

Demographics for 12816, NY

4,366

Population

2,581

Households

1.7

Avg Household Size

49

Median Age

32%

College-Educated

93%

High-School Grad

59.9 sq mi

ZIP Area

73

Density / Sq Mi

$79,669

Median Household Income

$48,187

Median Earnings

$1,064

Median Rent

$213,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Turnkey wine and spirits business with a bright retail area, large stockroom, and updated mechanical systems.

Where is this retail space located?

The property is located at 98 W Main St Cambridge, NY.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Turnkey wine & spirits business with a bright, airy retail space; Large stockroom for product storage; Updated mechanical systems