UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,280 sqft
Price per Sqft $108
MLS Listing ID 202615847
Bedrooms 8
Full Baths 7
Half Baths 2
HOA Y/N No
Year Built 1942
Annual Tax Amount $8,106
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 55X140
Property Sub-Type Multi Family
Source Global MLS
Property Description
The main level is home to a fully operational, turnkey restaurant with over 20 years of continuous service and a well-established presence in the community. The business is included in the sale.
Upper levels provide 7 Residential Rental units, contributing to the property's solid financial performance. Current figures reflect approximately $109,800 in annual gross rental income, $39,400 in operating expenses, and a net operating income of $70,400, making this a compelling long-term investment.
With its classic brick exterior, substantial square footage, and prime location in a charming, walkable village setting, this property offers exceptional versatility. The opportunity and potential here are endless.
Location
State NY
County Schoharie
Zoning Commercial
Direction Between River Street and Dexter Ave on Main Street
Interior
Heating Baseboard, Electric, Hot Water, Oil
Flooring Vinyl, Tile, Hardwood
Exterior
Exterior Feature None
Parking Features Off Street, Paved
Roof Type Metal
Building
Lot Description Level, Landscaped
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Middleburgh
Others
Tax ID 433801 106.15-4-17
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/111f107b-0c9b-4139-9f34-4737ea51a777?wl=true&setAttribution=mls&initialViewType=pano
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