12 N Church St Goshen, NY 10924
For Lease
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This exceptional mixed-use building is ideally situated in the heart of Goshen, NY. The property boasts a prime commercial space on the first floor, currently partially occupied by a thriving small grocery store, with additional vacant commercial space offering significant upside potential. The upper two floors provide two residential rental units, each presenting a strong rental income stream. Past tenants have included a diverse range of businesses, demonstrating the versatility and appeal of this location. The building's potential is undeniable, given its central location and the possibility of leasing the vacant commercial spaces. Projected annual rental income is substantial, with estimates of $1,800 per residential apartment and varying commercial rental rates ranging from $1,000 to $2,000 per unit. This translates to a significant return on investment. The property is offered at $799,000. Annual expenses, encompassing taxes, water, sewer, snow removal, and lawn maintenance, are approximately $28,000. This presents a compelling opportunity for an investor seeking a strong cash flow property in a desirable location. The building's history of successful occupancy across various business types underscores its adaptability and enduring appeal. The vacant spaces offer a blank canvas for a savvy investor to tailor the property to their vision and maximize its income potential. This is a rare opportunity to acquire a well-located, mixed-use property with immediate income generation and significant long-term growth prospects.
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Vigo Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
4011 · Goshen, NYGoshen. Always verify with local authorities before improvements.
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.