5344 Ny-23 Windham, NY 12496
This iconic Windham, NY, mixed-use property, located at 5344 NY-23, presents a unique investment opportunity. The 7,635 square foot building sits on a 0.2-acre lot in the heart of Windham's bustling Main Street, offering exceptional visibility and foot traffic. Currently 100% occupied, the property generates substantial income from a ground-floor retail space (formerly Todaro's, now The Main Street Market) and three upstairs one-bedroom, one-bathroom apartments. This established business and residential combination provides a dual income stream, ensuring a steady cash flow. The retail space is ideal for a variety of businesses, catering to both locals and the town's significant tourist population. The apartments have a history of long-term tenants. Seller financing is available. An additional, separately deeded, buildable lot is available for purchase, offering potential for expansion or development of additional retail or residential space. Municipal water and sewer services are available. This property offers flexibility for owner-operators or investors seeking strong rental income in a desirable location. The building's prime location and established reputation make it a valuable asset in a growing community. This is more than just a building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.