796 Main StArlington, NY 12603

This exceptional mixed-use property in Arlington, NY, presents a compelling investment opportunity. Located at 796 Main St, this 5,379 square foot, two-story building boasts a 100% occupancy rate with a current NOI of $50,726 and a pro-forma NOI of $62,725, reflecting a 7.00% cap rate and a pro-forma cap rate of 8.65%. The property features a thriving restaurant occupying the first floor, complete with an indoor beer garden and commercial kitchen, and two residential units on the second floor, one of which has been fully renovated in 2023. The building sits on a .34-acre lot (14,810 sq ft) and includes 10 parking spaces with convenient Main Street access. Built in 1916, the property benefits from ATC zoning, allowing for diverse uses. The current lease is a modified lease with a remaining term of 0.5 years, expiring May 31, 2025, and includes a 3% annual rent bump. The asking price is $725,000 ($134.78/sq ft). This property offers significant upside potential due to below-market apartment rents and a strong, established restaurant tenant. Its prime location near Vassar College and the Arlington Town Center ensures consistent demand and strong rental income. The property is a fee simple ownership with APN 134689-6161-08-806808.