376 Delaware Ave - Storefront Retail/Residential FOR SALE


Delmar, NY 12054
$1,038,389 USD
518-669-4356
376 Delaware Ave, Delmar, NY for Sale
$1,038,389 USD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

376 Delaware Ave
Delmar, NY 12054


HIGHLIGHTS

  • Fully occupied mixed-use investment property in Delmar's Four Corners district.
  • Long-term retail tenant has operated at the property since 2016.
  • Second-floor residential unit occupied by a long-term tenant.
  • Prominent frontage along Delaware Avenue, Delmar's primary commercial corridor.
  • Rear parking benefits from a formal shared parking agreement.
  • Located within a walkable mixed-use district surrounded by retail, commercial, and residential uses.

OVERVIEW

Outstanding opportunity to acquire a fully occupied mixed-use investment property in the heart of Delmar's highly desirable Four Corners. Prominently positioned along Delaware Avenue, Delmar's primary retail corridor, the property is surrounded by established retail, commercial and residential uses in a walkable Main Streetstyle setting. The two-story building features approximately 3,000 SF of first-floor retail space occupied by long-term tenant Perfect Blend, which has operated at the property since 2016. The second floor consists of a spacious 1,242 SF two-bedroom apartment occupied by a long-term residential tenant. Additional features include rear parking with a formal shared-parking agreement, a full basement used for retail storage, separate residential access and Hamlet zoning. A rare opportunity to acquire a stabilized, income producing asset in one of the Capital Region's most desirable communities. Contact the listing agent to schedule a private showing

FOR SALE DETAILS

PRICE

$1,038,389 USD

PRICE/SF

$245 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

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,119 SF

ZONING

H

APN/PARCEL ID

012200-085-016-0004-003-000-0000

ASK ABOUT THIS PROPERTY

Charles CurtoHoward Hanna Real Estate ServicesMore Info
518-669-4356

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Charles CurtoHoward Hanna Real Estate ServicesMore Info
518-669-4356

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