796 Main St
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796 Main St
5,379 SF 100% Leased Retail Building Arlington, NY 12603 £572,025 (£106/SF) 7% Net Initial Yield
Investment Highlights
- Located in Arlington Town Center, the property is currently home to a Juan Murphy's restaurant and bar with 2 income producing apartments upstairs.
- The site benefits from excellent in-place income with endless future possibilities thanks to flexible zoning.
- The property has a full unfinished basement adding an additional 2,342 square feet.
- Rents are below market allowing for significant upside.
- Expansive off-street parking lot with frontage on Main Street
Executive Summary
A wonderful opportunity to purchase a commercial mixed use building in the Arlington Town Center - just steps away from the esteemed Vassar College! The ATC zoning allows a variety of retail, business, office, and residential uses and with special permit and town approval, the possibilities are endless!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,379 SF
Building Class
C
Year Built
1916
Price
£572,025
Price Per SF
£106
Net Initial Yield
7%
NOI
£40,024
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.36
Land Acres
0.34 AC
Zoning
ATC - Arlington Town Center
Parking
19 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
44 ft on Main Street
Amenities
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Juan Murphy's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Juan Murphy's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 134689-6161-08-806808-0000 | Total Assessment | £375,650 |
| Land Assessment | £178,937 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £196,712 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
134689-6161-08-806808-0000
Land Assessment
£178,937
Improvements Assessment
£196,712
Total Assessment
£375,650
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
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796 Main St
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