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94 Main st 4,800 SF 100% Leased Retail Building Philmont, NY 12565 $725,000 ($151.04/SF)
Investment Highlights
- Fully occupied.
- 2nd floor has 2 apartments that each are 2 bedrooms 1 bath.
- Property also being offered for sale with 95-97 Main Street and 100-102 Main Street for $1,699,900.00.
- Ground floor has successful restaurant.
- Centralized Main Street location.
Executive Summary
94 Main St: Prime Investment Opportunity in the Heart of Philmont is an exceptional opportunity to acquire a fully leased, mixed-use building. * This two-story building consists of approximately 4,800 Square feet. * There are a total of three units. * The building consists of a successful and beloved local restaurant at street level and two, 2 to 3 bedroom apartments above. Highlight: Fully leased portfolio Strong, diversified income stream Mixed-use property in a central Main Street location Attractive investment with long-term growth potential Ideal for investors seeking stable cash flow in a desirable small-town commercial corridor.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$13.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,000
|
$13.75
|
| Taxes |
$5,359
|
$1.12
|
| Operating Expenses |
$7,500
|
$1.56
|
| Total Expenses |
$12,859
|
$2.68
|
| Net Operating Income |
$53,141
|
$11.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $13.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $13.75 |
| Taxes | |
|---|---|
| Annual | $5,359 |
| Annual Per SF | $1.12 |
| Operating Expenses | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $1.56 |
| Total Expenses | |
|---|---|
| Annual | $12,859 |
| Annual Per SF | $2.68 |
| Net Operating Income | |
|---|---|
| Annual | $53,141 |
| Annual Per SF | $11.07 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Building Class
C
Year Built
1969
Price
$725,000
Price Per SF
$151.04
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.11 AC
Zoning
07
Parking
12 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 102801-113-009-0001-084-000-0000 | Total Assessment | $248,000 |
| Land Assessment | $21,100 | Annual Taxes | $5,359 ($1.12/SF) |
| Improvements Assessment | $226,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
102801-113-009-0001-084-000-0000
Land Assessment
$21,100
Improvements Assessment
$226,900
Total Assessment
$248,000
Annual Taxes
$5,359 ($1.12/SF)
Tax Year
2025
Contact
-
Jason Walch -
Coldwell Banker Advisor Realty
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94 Main st