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5335 State Route 23 7,100 SF 100% Leased Retail Building Windham, NY 12496 $2,393,475 CAD ($337.11 CAD/SF) 5.51% Cap Rate
Investment Highlights
- Property and Business for sale
- There is a house in addition to the mixed use building included in the deal, can be 12 month lease or Airbnb to maximize income potential
- Contact us today at (516) 231-1031 to learn more about this exciting investment and owner user opportunity!
- Thriving business with upside
- The total Price for the Property and Business is $2,200,000
Executive Summary
Both Rewturant and Realestate fir sake.
Restaurant comprises 15 tables, 96 seats, which includes 16 bar seats
2 Apartments above Lilly's is occupied by employees, ensuring occupancy and convenience.
House on property can be owner occupied or used as a rental. 2300 sq ft, 3 br 3 bath, no basement
Completely renovated both restaurant bathrooms and new equipment includes an oven and fireplace
Located nearby Windham Mountain, rated the number one ski resort near New York City, convenient for weekend trips
Restaurant comprises 15 tables, 96 seats, which includes 16 bar seats
2 Apartments above Lilly's is occupied by employees, ensuring occupancy and convenience.
House on property can be owner occupied or used as a rental. 2300 sq ft, 3 br 3 bath, no basement
Completely renovated both restaurant bathrooms and new equipment includes an oven and fireplace
Located nearby Windham Mountain, rated the number one ski resort near New York City, convenient for weekend trips
Financial Summary (Pro Forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$233,877
|
$32.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$233,877
|
$32.94
|
| Taxes |
$12,993
|
$1.83
|
| Operating Expenses |
$38,843
|
$5.47
|
| Total Expenses |
$51,836
|
$7.30
|
| Net Operating Income |
$182,041
|
$25.64
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $233,877 |
| Annual Per SF | $32.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $233,877 |
| Annual Per SF | $32.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,993 |
| Annual Per SF | $1.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $38,843 |
| Annual Per SF | $5.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $51,836 |
| Annual Per SF | $7.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $182,041 |
| Annual Per SF | $25.64 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,100 SF
Building Class
B
Year Built/Renovated
1970/2014
Price
$2,393,475 CAD
Price Per SF
$337.11 CAD
Cap Rate
5.51%
NOI
$131,983 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.43 AC
Zoning
01 - NOT Z - 01 - NOT Z - Town of Windham
Parking
4 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
34’ on Main St
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 194600 78.19-1-37 | Total Assessment | $445,186 CAD (2025) |
| Land Assessment | $25,576 CAD (2025) | Annual Taxes | $12,993 CAD ($1.83 CAD/SF) |
| Improvements Assessment | $419,610 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
194600 78.19-1-37
Land Assessment
$25,576 CAD (2025)
Improvements Assessment
$419,610 CAD (2025)
Total Assessment
$445,186 CAD (2025)
Annual Taxes
$12,993 CAD ($1.83 CAD/SF)
Tax Year
2024
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5335 State Route 23
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