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Property summary
Located in Wassaic Hamlet on Main Street, the Wassaic Commons is a revitalized two-story barn constructed in the 1920s offering 10,640 square feet of interior space. The building is zoned HM and is suitable for uses such as office, retail, arts instruction, studios, workshops, or storage; it is configured with areas that can support retail and other commercial uses, including a first-floor layout of 5,320 SF with an included 1,200 SF component comprising an 800 SF market space and a 400 SF commercial kitchen, plus an additional 3,600 SF of raw retail space that has the potential for subdivision and a 520 SF section with an office, two bathrooms, and mechanical systems. The second floor provides 5,320 SF including 3,600 SF of raw space and 1,720 SF for mechanical systems and storage, with a loft featuring approximately 20-foot ceilings and lighting designed around the Polaris and Ursa Minor constellations; the structure includes charred-finish timbers intended to resist mold, mildew, and insects. Notable building systems and improvements include a replaced metal roof, a drilled well, water and wastewater treatment systems, plumbing for bathrooms and the commercial kitchen area, an on-demand gas-fired boiler, and Mitsubishi mini-split heat pumps with ducted air handlers; electrical service is documented as 400 amp, with CAT 6 insulated cabling terminating at a central rack. Interior finishes include custom cabinetry, paneling, and millwork, and the exterior includes scraped and painted surfaces with reclaimed planting areas, outdoor seating, bicycle racks, and views of a bordering stream. A concrete sidewalk connects the barn to a 748 SF storage shed containing a 12 by 6 commercial-grade walk-in cooler and additional storage space. The property is near the Wassaic Art Project, the Lantern Inn, and the local post office, centrally positioned between Amenia, Millbrook, Millerton, Kent, Sharon, and Pawling, and is located near the Wassaic Metro-North Train Station and Route 22; the Harlem Valley Rail Trail begins at the property.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
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Bakery Specialty Food Shop
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Wassaic market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
HM · Wassaic, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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