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376 Delaware Ave 4,242 SF 100% Leased Retail Building Delmar, NY 12054 $1,038,389 ($244.79/SF)
Investment Highlights
- Fully occupied mixed-use investment property in Delmar's Four Corners district.
- Second-floor residential unit occupied by a long-term tenant.
- Rear parking benefits from a formal shared parking agreement.
- Long-term retail tenant has operated at the property since 2016.
- Prominent frontage along Delaware Avenue, Delmar's primary commercial corridor.
- Located within a walkable mixed-use district surrounded by retail, commercial, and residential uses.
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,242 SF
Building Class
C
Year Built
1920
Price
$1,038,389
Price Per SF
$244.79
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.23 AC
Zoning
H - Hamlet
Frontage
29’ on Delaware Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 012200-085-016-0004-003-000-0000 | Improvements Assessment | $233,000 |
| Land Assessment | $112,000 | Total Assessment | $345,000 |
Property Taxes
Parcel Number
012200-085-016-0004-003-000-0000
Land Assessment
$112,000
Improvements Assessment
$233,000
Total Assessment
$345,000
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376 Delaware Ave