Description
A rare opportunity in the heart of the village. This unique mixed-use property is a perfect investment property or owner/operator scenario; either option provides solid returns and cash flow. For the investor, this property offers the opportunity to quickly realize an 8-10% CAP rate. Alternatively, an owner/operator would enjoy the use of the 72 Main retail space; and still have the opportunity to capture a 6-8% CAP rate. Centrally located, this property is immersed in all the shops and restaurants on Main Street. The property is only 1,500 feet to the Metro North station and the River Front; and under 1 mile to the trail heads for Little Stony Point and Breakneck Ridge. 72 Main Street offers a 750-800 SqFt storefront with large windows and frontage on Main Street, a lovely adjacent garden area, and a second-floor apartment. The charming 1-bedroom is flooded with natural light, has village views, and a delightful back deck which overlooks the garden space below. 76 Main Street boasts the highly acclaimed French restaurant, Le Bouchon. The second and third floors each have large (900+ SqFt), renovated, two-bedroom apartments. Both apartments offer beautiful hard wood floors, tons of natural light, and views of Main Street and the garden space below. The top floor apartment even boasts river views! The large patio space is currently used for outdoor dining and there is potential to use the garden space in a similar manner.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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4,572SQFT
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$421$/SQFT
School Information
Description
A rare opportunity in the heart of the village. This unique mixed-use property is a perfect investment property or owner/operator scenario; either option provides solid returns and cash flow. For the investor, this property offers the opportunity to quickly realize an 8-10% CAP rate. Alternatively, an owner/operator would enjoy the use of the 72 Main retail space; and still have the opportunity to capture a 6-8% CAP rate. Centrally located, this property is immersed in all the shops and restaurants on Main Street. The property is only 1,500 feet to the Metro North station and the River Front; and under 1 mile to the trail heads for Little Stony Point and Breakneck Ridge. 72 Main Street offers a 750-800 SqFt storefront with large windows and frontage on Main Street, a lovely adjacent garden area, and a second-floor apartment. The charming 1-bedroom is flooded with natural light, has village views, and a delightful back deck which overlooks the garden space below. 76 Main Street boasts the highly acclaimed French restaurant, Le Bouchon. The second and third floors each have large (900+ SqFt), renovated, two-bedroom apartments. Both apartments offer beautiful hard wood floors, tons of natural light, and views of Main Street and the garden space below. The top floor apartment even boasts river views! The large patio space is currently used for outdoor dining and there is potential to use the garden space in a similar manner.
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