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23 Main St 5,210 SF 100% Leased Retail Building Wallkill, NY 12589 $2,623,653 CAD ($503.58 CAD/SF)



Investment Highlights
- Mixed-use property featuring a fully operational restaurant and bar with four leased residential apartments above.
- Ground floor includes a 20-seat bar, spacious dining room, and large commercial kitchen equipped for high-volume service.
- Corner lot location offering excellent visibility and on-site private parking for both customers and tenants.
- Complete renovation in 2016 including modern systems, updated interiors, and turnkey condition for commercial and residential use.
- Ample outdoor amenities with a covered front porch and rear deck ideal for seasonal dining and events.
- Apartments renovated with updated kitchens, baths, and separate utilities, ensuring steady rental income and efficient management.
Executive Summary
Opportunity awaits! This exceptional mixed-use commercial property in the Hamlet of Wallkill offers a rare investment opportunity combining a fully operational restaurant and bar on the first floor with four fully leased residential apartments above, all situated on a prominent 9,000 square foot corner lot. The building totals approximately 5,210 square feet and was completely renovated in 2016, ensuring modern systems, updated interiors, and a turnkey condition for both business and residential use. The ground floor restaurant features a 20-seat bar and a spacious dining room, complemented by additional bar-top seating that creates a vibrant and inviting atmosphere. The commercial kitchen is fully equipped with an extensive array of professional-grade appliances, including a large walk-in cooler, designed to support efficient, high-volume food preparation. Ample basement storage provides valuable space for inventory and supplies, making operations smooth and well-organized. The restaurant also boasts a large covered front porch and a generous rear deck, both ideal for outdoor seating and seasonal gatherings, enhancing customer capacity and experience. This establishment benefits from a loyal and well-established customer base, supported by an experienced and dedicated team of employees. As one of the few full-service restaurants in the town, it enjoys steady foot traffic, repeat business, and a strong presence in the community, contributing to consistent revenue and operational stability. Above the restaurant, the second and third floors contain four residential apartments, all currently rented to reliable tenants. These units provide stable monthly rental income, complementing the commercial revenue from the restaurant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,210 SF
Building Class
C
Year Built
1950
Price
$2,623,653 CAD
Price Per SF
$503.58 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.57
Lot Size
0.21 AC
Zoning
SB
Parking
15 Spaces (2.88 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5200-106.049-0004-006.000-0000 | Improvements Assessment | $102,184 CAD |
| Land Assessment | $13,809 CAD | Total Assessment | $115,993 CAD |
Property Taxes
Parcel Number
5200-106.049-0004-006.000-0000
Land Assessment
$13,809 CAD
Improvements Assessment
$102,184 CAD
Total Assessment
$115,993 CAD
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