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42 Orchard St
Walden, NY 12586
Retail Property For Sale
Executive Summary
Stunning, sharp, very well maintained centerpiece facility in handsome Village Square. Long-time well known music school on 2 levels, across from Village Hall. First floor offers sprawling lobby feeding to 10 instruction rooms, and a half bath. Second level has 65 seat performance area, mini-cafe', with two powder rooms, then 7 larger instruction rooms. 2 separate furnaces. Attached but separate leased Cafe' for breakfast and lunch, pays $1500./mo rent, plus their own utilities. Zoning is B-3 offering many options. Large Municipal parking lots next door. This building could be used for offices, dental, medical, tutorial, counseling, performing arts, museum. Many choices of use, call me for a copy of the zoning. Come and See!!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,100 SF
Building Class
C
Year Built
1965
Price
$773,850 CAD
Price Per SF
$76.62 CAD
Cap Rate
15.00%
NOI
$116,077 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.93
Lot Size
0.25 AC
Zoning
B3 - Central Business zoning wide range of permitted use. Currently a music school with 17 classrooms, generous lobby and performance area and mini cafe
Frontage
82’ on Orchard
Amenities
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $322,625 CAD | |
| Land Assessment | $75,697 CAD | Total Assessment | $398,322 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$75,697 CAD
Improvements Assessment
$322,625 CAD
Total Assessment
$398,322 CAD
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