242 Main St, Grahamsville, NY 12740-5434

Property Details for 242 Main St

Year built

1964

Lot size

0.30 lot acres

Zone code

01 - NOT ZONED

Property type

Investment properties

Property subtype

Live-work space

APN

484200 27.-2-7.3

APU

48420027273

Description

This fully renovated 1,848 square foot commercial building is situated on a 0.3-acre lot in the heart of Grahamsville's business district, presenting a fantastic investment opportunity. The main level boasts two separate entrances, each leading to distinct spaces. One side features a well-appointed office, while the other is currently leased as a thriving hair salon, generating immediate rental income. Upstairs, a separate entrance accesses a space currently zoned for personal storage, but readily adaptable into a 2-3 bedroom, 1-bathroom apartment. Rezoning for this conversion is underway. Recent, extensive renovations include a complete gutting of the main floor, installation of all-new electrical wiring, and professional spray foam insulation in ceilings and walls for superior energy efficiency. The space has been reconfigured into three approved sections by the town. The property has transitioned from a shared well to a newly drilled private well, complete with a high-quality water pump, ensuring reliable and clean water supply. A shared half-bathroom is also included. A new mini-split system provides efficient climate control. The building is connected to town sewer and benefits from very low property taxes. This property offers a blend of immediate rental income and significant potential for future expansion and increased profitability. The prime location and versatile layout make this an exceptional investment opportunity.

Location Insight

City

Grahamsville

County

Sullivan

State

New York

Longitude

-74.5471

Latitude

41.8472

Property Tax & Assessments