For Sale
$869,000

5 South StWarwick, NY 10990

High-return, multi-tenant property.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Exceptional mixed-use investment opportunity in Warwick, NY, totaling 5,951 square feet on two parcels (0.16 acres).
  • 100% occupied with four tenants (cafe, auto repair, salon, art studio); tenants pay all utilities.
  • 5,849 square feet of net rentable space; below-market rents offer value-add potential.
  • Zoned CS Central Shopping; located in the heart of Warwick Village near amenities and municipal parking.
  • Asking price: $869,000 ($146.03/SF); ideal 1031 exchange opportunity with flexible terms.

Property Details for 5 South St

Property type
Retail properties, Restaurants
Square Feet
5,951 SF
Class
B
Year Built
1930
Buildings
2
Stories
3
Lot Size (sq. ft)
6,970 SF
Units
4

Location Insight

City
Warwick
County
Orange
State
New York
Latitude
41.2576821
Longitude
-74.358312
5 South St, Warwick, New York

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5 South St
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