23 Main StDryden, NY 13053

Property Details for 23 Main St

Year built

1975

Lot size

0.07 AC

Property size (Sq ft)

2,970 SF

Zone code

COM

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

502401 15.-2-11

APU

50240115211

Description

This exceptional Dryden, NY retail property presents a unique investment opportunity. Located at 23 Main Street, this charming building boasts 2,970 square feet on a 0.7-acre lot. The ground floor currently operates as a thriving wine and spirits store, rumored to have been in business since Prohibition. The store features attractive hardwood floors and a tin ceiling, adding to its historical character. Two income-generating apartments are situated on the second floor: a studio apartment renting for $900 per month and a one-bedroom apartment renting for $1200 per month. The sale includes both the real estate and the established business, with inventory to be calculated at closing. Convenient parking is available with two dedicated spots in the rear, supplemented by ample street parking. The current owner is retiring after over 20 years of successful operation. Detailed financial information, including profit and loss statements, will be provided to pre-qualified buyers. This property offers the ideal opportunity to live and work on-site, or to provide housing for a general manager. Priced at $599,000, this is a rare chance to own a piece of Dryden's history and establish yourself as your own boss.

• CAP approach

  CAP return

  Valuation

  6%

  $479,605

  6.5%

  $442,713

  7%

  $411,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,334

  Geo Method

  $388,060

• Alternative Use

  Use

  Valuation

  Residential

  $548,964

  Hospitality

  $502,848

  Educational

  $418,363

  Medical

  $432,752

  Retail

  $650,787

Location Insight

City

Dryden

County

Tompkins

State

New York

Latitude

42.4903

Longitude

-76.299

CBSA code

27060

CBSA name

ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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