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Salem, NY Storefront Properties for Sale

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Mixed-Use Building with Retail
Updated: May 29
Mixed-Use Building with Retail

198 Main Street, Salem, NY 12865

$249,777
4,520 sqft 0.15 AC lot
Mixed‑use building in Salem village with 4 apartments over 2 vacant commercial retail spaces
Apartment rental income totals $3,200/month: 1 two‑bedroom at $1,000/month and three one‑bedrooms at $800/month and $700/month each
Apartment updates include refreshed appliances/mechanicals: refrigerators and stoves replaced within the last 1–5 years; hot water tanks range from 1–5 years old
Commercial space has a 2‑year‑old furnace, and apartments have separate electric heat
Capital improvements include new electric, windows, and roof replacements on both the main and lower sections
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Mixed-Use Building with Vacant Retail
Updated: May 31
Mixed-Use Building with Vacant Retail

198 MAIN ST, Salem, NY 12865

Contact for pricing
4,520 sqft
Mixed‑use building with 4 apartments (one 2‑bedroom, three 1‑bedroom) above two vacant commercial retail spaces
4,520 SF building offers residential rental income of $3,200/month plus additional upside from leasing the retail spaces
Apartment rent details: 2‑bedroom $1,000/month; main floor 1‑bedroom $800/month; two third‑floor 1‑bedrooms $700/month each
Appliances and mechanicals updated: refrigerators and stoves replaced within last 1–5 years across all units
Hot water tanks replaced within last 1–5 years; commercial spaces include a furnace about 2 years old; separate electric heat in apartments
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 2 Active listings in Salem, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Riverfront Mixed-Use Building
Riverfront Mixed-Use Building

143 Broadway, Fort Edward, NY 12828

$259,000
5,928 sqft

Income-producing downtown asset with street-level gym tenancy, off-street parking, and upper-floor space for occupancy or leasing.

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Mixed-Use Compound with River Frontage
Mixed-Use Compound with River Frontage

1161 State Route 313, Cambridge, NY 12816

$989,900
1,484 sqft 25.40 AC lot

Mixed-use property combining a renovated farmhouse, multiple outbuildings, a storefront, and direct river access.

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Four-Room Storefront Property
Four-Room Storefront Property

2085 State Route 196, Fort Edward, NY 12839

$275,000
1,440 sqft 0.32 AC lot

Flexible commercial layout with on-site parking, fencing, and a detached storage shed.

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Triplex with Ground-Floor Businesses
Triplex with Ground-Floor Businesses

17-23 E Main Street, Cambridge, NY 12816

$299,000

Triplex mixed-use building with two second-floor 2-bedroom apartments and multiple first-floor business spaces, all currently rented.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

T-5 Zoned Commercial Land
T-5 Zoned Commercial Land

105 Congress Street, Saratoga Springs, NY 12866

$1,150,000
0.31 AC lot

Three adjoining parcels occupy a prominent multi-road position near downtown Saratoga Springs.

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Corner Storefront Building
Corner Storefront Building

2 Saratoga Avenue, Corinth, NY 12822

$64,900
812 sqft 0.16 AC lot

Compact commercial building with separate utility-room and bathroom entrances.

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Mechanicville Land For Sale
Mechanicville Land For Sale

176 Rt 146, Mechanicville, NY 12118

$270,000
2.89 AC lot

2.89 acre parcel in Southern Saratoga County.

View details

Salem, NY Storefront Properties Market Trends and Statistics

Explore 2 storefront properties for sale in Salem, NY on our real estate platform. These investment opportunities span a total of 9,040 square feet of properties for sale, with an estimated market value of $249,777.

Sale prices for retail units in Salem, NY average $249,777 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 2

Demographics Overview

Population 3,353
Population Growth (5Y) -9.1%
Median Household Income $70,868
College Educated 41.0%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
12865 $254.4K

Listings Trend

New vs delisted commercial listings in Washington County

New Delisted

Total CRE Inventory on Market (SF)

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