3 Main St Wassaic, NY 12592

Property Details for 3 Main St

Lot size

0.57 lot acres

Zone code

HM

Property type

Warehouses

APN

132000 7165-01-087807-0000

APU

9223372036854775807

Description

This meticulously restored 11,388 sq ft mixed-use barn in Wassaic, NY, presents a unique investment opportunity. The property sits on a 0.57-acre lot and boasts a current 8.8 cap rate, driven by existing and projected rental income. The first floor offers 4,800 sq ft of versatile retail space, easily subdivided into up to four units, with plumbing stubbed out and currently leasing at $18-25/sq ft. The space features concrete floors, abundant windows, and a covered porch. Upstairs, a stunning 7,000 sq ft event space, with soaring 20-foot ceilings and unique historical details, commands an estimated $10,000 per event. A cornerstone tenant, Vitsky Bakery, occupies a custom-designed 2,400 sq ft market/kitchen space on a month-to-month lease. This space includes high-end commercial appliances, custom cabinetry, and ample storage. Exterior features include a storage shed and a 12x6 walk-in cooler. The barn's structure has been thoroughly evaluated and is in excellent condition. New double-insulated windows, a Sonos sound system, and a custom Alaskan yellow cedar front door enhance the property's appeal. Wassaic's convenient location, just two hours from Manhattan via car or train (Metro-North's Harlem Line), and proximity to the Harlem Valley Rail Trail, further enhance its investment potential. The property offers a blend of historical charm and modern functionality, making it an exceptional turnkey investment.

Location Insight

City

Wassaic

County

Dutchess

State

New York

Longitude

-73.5596

Latitude

41.8039

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments