19 N Front St 2,234 SF 51% Leased Retail Building New Paltz, NY 12561 $628,164 CAD ($281.18 CAD/SF) 8% Cap Rate

Rare opportunity to acquire a prime corner mixed-use building in the heart of Downtown New Paltz. Excellent visibility and convenience, with long frontage on both North Chestnut and North Front Streets. The property includes two leased residential apartments, two commercial spaces, a large outdoor deck, and 7 private parking spaces. The two retail spaces will be fully available at the end of September, creating an opportunity to either increase rents or to occupy the space as a buyer. This commercial user opportunity would allow a business to own rather than lease, building equity, creating long-term security, and benefiting from potential future appreciation. The rent roll has significant upside, with both residential apartments leased at below-market rates. The current owner has made significant capital improvements, including a new furnace and hot water heater in 2023 and a new oil tank and roof in 2014. Priced to sell at $450,000! Tenants prefer showings at 4:00 in the afternoon - 24 hour notice required.