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21043236
21043245

242 Main St, Grahamsville, NY 12740

AS
NY 37SI0835647
Resort Realty
Listed by Resort Realty
$249,000
564 days on market
Updated 8 days ago

Grahamsville Neighborhood commercial

Details
APN 4200-027-0-0002-007-003
Property Type Office, Retail
Sub Type Creative Office
Square Footage 1,848
Net Rentable (SqFt) 1,848
Units 3
Cap Rate 2.7%
NOI $6,720
Occupancy 50%
Tenancy Multi
Lease Type Gross
Price per SqFt $135
Broker Co-Op Yes
Class B
Year Built 1900
Year Renovated 2022
Lot Size (SqFt) 13,068
Zoning Commercial
Parking Spaces 5 spaces
Parking per 1,000 SqFt 2.71
Investment Type Owner/User
Occupancy Date 02/28/2025
Ownership Fee Simple

Grahamsville Commercial

Marketing description

Fully renovated commercial building located right in the heart of Grahamsville's business district. Tons of opportunities to make passive income! The bottom main level has two separate entrances. One side has a great office space, and the other side is currently rented as a Hair Salon! The upstairs has another separate entrance and can be turned into a 2-3 bedroom 1 bath apartment. It is currently zoned for personal storage use. The sellers have already started the process for rezoning. Upgrades that have been completed include: Complete gutting of the main floor, All-new electrical wiring, Professional spray foam insulation on ceilings and walls, Space reconfiguration into three approved sections by the town, Transitioned from a shared well to a professionally drilled private well, complete with a high-quality water pump installed inside the well casing, ensuring enhanced reliability and water quality, a shared half bathroom, and a new mini split system! Town sewer and very low taxes!


Investment highlights

  • Location: Centrally located in Grahamsville's business district

  • Opportunities: Potential for passive income

  • Main Level: Two separate entrances; one side as office space, the other as a rented hair salon

  • Upper Level: Separate entrance; can be converted to a 2-3 bedroom, 1 bath apartment (currently zoned for personal storage; rezoning process started)

  • Upgrades:

    • Complete gutting of the main floor

    • All-new electrical wiring

    • Professional spray foam insulation on ceilings and walls

    • Reconfiguration into three approved sections by the town

    • Transitioned from a shared well to a professionally drilled private well with a high-quality water pump

    • Shared half bathroom

    • New mini split system

  • Utilities: Town sewer

  • Taxes: Very low

Listing Contacts

AS
NY 37SI0835647
Resort Realty
Listed by Resort Realty

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Loan Amount
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Annual Cash Flow
$6,720.00
$560.00/mo

Valuation Metrics

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DSCR
2.7%
Cap Rate
2.7%
ROI

Map

Zoning

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H MixedMixed UseHamlet
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Last updated Apr 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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