150 Main StWalden, NY 12586

Property Details for 150 Main St

Year built

1979

Lot size

0.35 AC

Property size (Sq ft)

1,688 SF

Zone code

R4

Property type

Investment properties

Property subtype

Retail residential properties

APN

334205 307-4-9

APU

33420530749

Description

This exceptional 1,688 square foot retail property, located at 150 E Main St in Walden, NY, presents a unique investment opportunity. Situated on a 0.35-acre lot in the heart of Walden, this building enjoys a highly visible location directly across from a Dunkin' Donuts, ensuring significant foot traffic. The property's zoning is R4, and its history reflects its adaptability, having previously served as a daycare, laundromat, dry cleaner, florist, and retail shop—all operating under variances. This demonstrates the flexibility of the space and its potential for a wide range of commercial uses. The building is surrounded by a diverse mix of residential, medical, and commercial establishments, creating a thriving and dynamic neighborhood. Its proximity to a local park adds to its appeal, contributing to a desirable village atmosphere. The property offers significant upside potential for a savvy investor or business owner looking to establish a presence in a vibrant and growing community. The building features oil-fueled heating and is ready for immediate occupancy. This is a rare opportunity to acquire a well-located, versatile commercial property in a desirable area with a proven track record of successful businesses. The existing variances offer flexibility for a variety of uses, making this an ideal investment for entrepreneurs seeking a unique and established location.

• CAP approach

  CAP return

  Valuation

  6%

  $519,963

  6.5%

  $479,966

  7%

  $445,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,157

  Geo Method

  $341,859

• Alternative Use

  Use

  Valuation

  Residential

  $479,966

  Hospitality

  $439,647

  Educational

  $365,781

  Medical

  $378,360

  Retail

  $568,992

Location Insight

City

Walden

County

Orange

State

New York

Latitude

41.563

Longitude

-74.1797

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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