150 Main St Walden, NY 12586-1554
- Investment properties
- 1,688 SF
- 0.35 lot acres
Current Use by Public Records
- Veterans Memorial Park / Park
Property Details for 150 Main St
- Year built
- 1979
- Lot size
- 0.35 lot acres
- Property size
- 1,688 SF
- Zone code
- R4
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 334205 307-4-9
- APU
- 33420530749
Description
This exceptional 1,688 square foot retail property, located at 150 E Main St in Walden, NY, presents a unique investment opportunity. Situated on a 0.35-acre lot in the heart of Walden, this building enjoys a highly visible location directly across from a Dunkin' Donuts, ensuring significant foot traffic. The property's zoning is R4, and its history reflects its adaptability, having previously served as a daycare, laundromat, dry cleaner, florist, and retail shop—all operating under variances. This demonstrates the flexibility of the space and its potential for a wide range of commercial uses. The building is surrounded by a diverse mix of residential, medical, and commercial establishments, creating a thriving and dynamic neighborhood. Its proximity to a local park adds to its appeal, contributing to a desirable village atmosphere. The property offers significant upside potential for a savvy investor or business owner looking to establish a presence in a vibrant and growing community. The building features oil-fueled heating and is ready for immediate occupancy. This is a rare opportunity to acquire a well-located, versatile commercial property in a desirable area with a proven track record of successful businesses. The existing variances offer flexibility for a variety of uses, making this an ideal investment for entrepreneurs seeking a unique and established location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $245,000
- 6.5%
- $225,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $272,000
- AI Estimate
- $242,000
Market price range: $75.0k - $272kMarket price range: $107k - $242k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $185,000 Current use
- RETAIL STORES
- $350,000 Change: +90% Conversion: Easy
- OFFICE BUILDING
- $320,000 Change: +76% Conversion: Easy
- AUTO REPAIR, GARAGE
- $280,000 Change: +54% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Walden
- County
- Orange
- State
- New York
- Longitude
- -74.1797
- Latitude
- 41.563
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA