5 South St Warwick, NY 10990

This exceptional mixed-use investment opportunity in Warwick, NY, presents a compelling value-add proposition. Located at 5 South Street, this prime corner property encompasses two parcels (S-B-L 211-4-18 and 211-4-17) totaling 0.16 acres. The property features two buildings, three stories, and a total of 5,951 square feet, with 5,849 square feet of net rentable space. Currently boasting 100% occupancy across four units, the property enjoys an excellent rental history, with tenants including a well-established cafe, an auto repair shop, a salon, and an art & music studio. All tenants are responsible for their own utilities, water, and sewer. The property is zoned CS Central Shopping, offering flexibility for future uses. Built in 1930, this Class B property is situated in the heart of the Village of Warwick, providing convenient walkability to local amenities and proximity to a municipal parking lot. The asking price is $869,000, translating to $146.03 per square foot. Below-market rents present a clear path to increased profitability, making this an ideal 1031 exchange opportunity. Flexible terms are available.