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    OFF-MARKET
    Investment properties

    60 Main St, Walden, NY 12586-1825

    3,368 SF 0.03 ac lot Built 1900
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US63-6058637
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 60 Main St, Walden, NY, presents a compelling investment opportunity. The 4,356 square foot building sits on a 0.03-acre lot in the heart of Walden, offering immediate access to local amenities and high foot traffic. The property currently features a ground-floor retail space, ideal for a variety of businesses, and a spacious four-bedroom residential unit on the upper level. This configuration provides immediate income potential through both retail and residential rental streams. However, the property also offers significant upside potential. The residential space could be easily converted into two separate rental units, pending necessary town approvals, significantly increasing rental income and return on investment. This conversion would cater to the growing demand for smaller, more affordable housing options in the area. The building's central location and versatile layout make it an attractive proposition for both established businesses seeking a new storefront and investors looking for a strong, diversified income stream. The property is priced competitively at $239,000, representing a significant value in the current market. This is a rare opportunity to acquire a well-situated mixed-use property with substantial potential for growth and profitability. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1900
    Total area 3,368 SF
    Lot 0.03 ac (1,288 SF)
    Zoning code B3
    APN 334205 306-16-16
    UPID US63-6058637
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Sandro V Tortora · 4 yrs held
    Sandro V Tortora
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    B3 · Walden, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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