3656 Main StStone Ridge, NY 12484

Property Details for 3656 Main St

Year built

1900

Lot size

0.12 AC

Property size (Sq ft)

3,420 SF

Zone code

B1

Property type

Investment properties

Property subtype

Live-work space

APN

513400 61.20-4-11

APU

5134006120411

Description

This exceptional Stone Ridge property at 3656 Main Street presents a unique investment opportunity. The 3,420 square foot, two-story building, constructed in 1900, is zoned Com 1 Att Row building - mixed use, offering versatility for various commercial and residential uses. The lower level features a storefront with stunning terrazzo floors, currently rented along with a one-bedroom apartment, providing immediate income. A cozy studio apartment is also located on the lower level. Upstairs, a spacious three-bedroom unit offers additional rental potential. All units have separate entrances for privacy. The storefront boasts large windows overlooking Main Street, providing excellent visibility. A full basement offers ample storage. Ample parking is available. This turn-key property is ideally situated in the heart of Stone Ridge, steps from shops and eateries, making it perfect for a variety of businesses. The asking price is $749,000, with a price per square foot of $219.01. This well-maintained building offers a blend of commercial and residential income streams in a highly desirable location. The property's prime location and multiple income sources make it an attractive investment for both seasoned investors and those seeking a live-work lifestyle.

• CAP approach

  CAP return

  Valuation

  6%

  $849,581

  6.5%

  $784,229

  7%

  $728,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $449,861

  Geo Method

  $446,857

• Alternative Use

  Use

  Valuation

  Residential

  $972,444

  Hospitality

  $890,753

  Educational

  $741,096

  Medical

  $766,584

  Retail

  $1,152,816

Location Insight

City

Stone Ridge

County

Ulster

State

New York

Latitude

41.8499

Longitude

-74.1423

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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