5394 State Route 23Windham, NY 12496

Property Details for 5394 State Route 23

Year built

1960

Lot size

0.10 AC

Property size (Sq ft)

5,456 SF

Zone code

01 - NOT ZONED

Property type

Other commercial real estate

Property subtype

Showrooms

APN

194600 78.18-1-12

APU

1946007818112

Description

This meticulously renovated, 5,456 sq ft mixed-use property in Windham, NY, presents a unique investment opportunity. Located on the main street, minutes from the Windham Mountain Club, this circa 1899 building boasts four fully renovated units, each offering modern amenities while retaining historical charm. The expansive upper unit, once a vaudeville house and movie theater, features a 16x9 foot entertainment screen, a chef's kitchen with a bar and wine cooler, a restored 15-foot pressed tin ceiling, and refinished original maple and fir floors. This unit includes two bedrooms and one bath. A second upper-level unit, with its own exterior entry, offers two bedrooms and one bath. The main level includes two additional units: one with three bedrooms and one bath, and another with two bedrooms and two baths, featuring a golf simulator and entertainment area. Mountain views are visible from several locations. All units are income-producing, offering immediate returns. This turnkey property combines historical significance with modern upgrades, ensuring both tenant satisfaction and strong investment potential in a vibrant village setting. The 0.1-acre lot provides convenient access to local attractions, restaurants, shops, and outdoor recreation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,992,372

  6.5%

  $1,839,112

  7%

  $1,707,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,808,535

  Geo Method

  $1,796,460

• Alternative Use

  Use

  Valuation

  Residential

  $1,551,360

  Hospitality

  $1,421,038

  Educational

  $1,182,287

  Medical

  $1,222,947

  Retail

  $1,839,112

Location Insight

City

Windham

County

Greene

State

New York

Latitude

42.3074

Longitude

-74.2529

Property Tax & Assessments

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