256 Main St Middletown, NY 10940-4057
- Investment properties
- 0.08 lot acres
Current Use by Public Records
- Evolution Beauty Bar / Beauty Salon
Property Details for 256 Main St
- Lot size
- 0.08 lot acres
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 330900 36-5-1
- APU
- 3309003651
Description
This exceptional Middletown, NY property at 256 E Main St offers a unique blend of residential and commercial income streams. The 3,937 square foot, two-story building features four units: one storefront currently leased to a salon, and three additional apartments. The property sits on a ground lease and is classified as mixed-use, multifamily, and retail. The asking price is $750,000. Each residential unit is designed for comfort and functionality, with spacious layouts and ample natural light. The prime location in a bustling area ensures high visibility and foot traffic for the retail space, while residents enjoy easy access to amenities. The existing structure presents a strong income stream, with potential for further upside through additional development (subject to city approval). This represents a versatile investment opportunity with significant potential for growth and return. The property is situated in Orange County, NY, zip code 10940. This is a rare opportunity to acquire a well-located, income-producing property in a thriving New York market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $440,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $380,000
- Mixed-Use
- $480,000
- Hospitality
- $415,000
- Educational
- $455,000
- Residential Income
- $455,000
- Energy
- $440,000
- Income-Based Land
- $455,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.4081
- Latitude
- 41.4456
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA