29-31 Main St, Warwick, NY 10990
This exceptional investment opportunity presents a fully occupied, renovated retail property situated on a prominent 11,000-acre lot at 29-31 Main St, Warwick, NY 10990. The property boasts two completely renovated storefronts, each featuring brand new mechanicals, basements, trim, glass, paint, and doors. Extensive renovations include a new glass ceiling atrium, a resurfaced roof, and three full floors of renovated common areas with new flooring. Six apartments have also undergone complete renovations, down to the studs. All tenants are under long-term leases, ensuring a stable income stream and minimal maintenance requirements for the new owner. This turnkey investment is located on a busy intersection with convenient access to metered and public parking. The property's prime location across from Railroad Green Park, a vibrant hub for community events like summer concerts, Applefest, and art festivals, further enhances its appeal. Warwick itself is a thriving community offering a diverse range of shops, restaurants, cafes, wineries, and other attractions. This is a rare chance to acquire a high-performing, low-maintenance retail property in a desirable New York location. The asking price is $2,987,500.
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
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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.