23 Main St - Storefront Retail/Residential FOR SALE


Wallkill, NY 12589
$1,900,000 USD
845-454-6334
23 Main St, Wallkill, NY for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

23 Main St
Wallkill, NY 12589


HIGHLIGHTS

  • Mixed-use property featuring a fully operational restaurant and bar with four leased residential apartments above.
  • Complete renovation in 2016 including modern systems, updated interiors, and turnkey condition for commercial and residential use.
  • Ground floor includes a 20-seat bar, spacious dining room, and large commercial kitchen equipped for high-volume service.
  • Ample outdoor amenities with a covered front porch and rear deck ideal for seasonal dining and events.
  • Corner lot location offering excellent visibility and on-site private parking for both customers and tenants.
  • Apartments renovated with updated kitchens, baths, and separate utilities, ensuring steady rental income and efficient management.

OVERVIEW

Opportunity awaits! This exceptional mixed-use commercial property in the Hamlet of Wallkill offers a rare investment opportunity combining a fully operational restaurant and bar on the first floor with four fully leased residential apartments above, all situated on a prominent 9,000 square foot corner lot. The building totals approximately 5,210 square feet and was completely renovated in 2016, ensuring modern systems, updated interiors, and a turnkey condition for both business and residential use. The ground floor restaurant features a 20-seat bar and a spacious dining room, complemented by additional bar-top seating that creates a vibrant and inviting atmosphere. The commercial kitchen is fully equipped with an extensive array of professional-grade appliances, including a large walk-in cooler, designed to support efficient, high-volume food preparation. Ample basement storage provides valuable space for inventory and supplies, making operations smooth and well-organized. The restaurant also boasts a large covered front porch and a generous rear deck, both ideal for outdoor seating and seasonal gatherings, enhancing customer capacity and experience. This establishment benefits from a loyal and well-established customer base, supported by an experienced and dedicated team of employees. As one of the few full-service restaurants in the town, it enjoys steady foot traffic, repeat business, and a strong presence in the community, contributing to consistent revenue and operational stability. Above the restaurant, the second and third floors contain four residential apartments, all currently rented to reliable tenants. These units provide stable monthly rental income, complementing the commercial revenue from the restaurant.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

SB

APN/PARCEL ID

5200-106.049-0004-006.000-0000

ASK ABOUT THIS PROPERTY

Craig Ross JrCENTURY 21 HUDSON VALLEY REALTY LLCMore Info
845-454-6334

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Craig Ross JrCENTURY 21 HUDSON VALLEY REALTY LLCMore Info
845-454-6334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.