796 Main St
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796 Main St
5,379 SF 100% Leased Retail Building Arlington, NY 12603 $1,027,666 CAD ($191 CAD/SF) 7% Cap Rate
Investment Highlights
- Located in Arlington Town Center, the property is currently home to a Juan Murphy's restaurant and bar with 2 income producing apartments upstairs.
- The site benefits from excellent in-place income with endless future possibilities thanks to flexible zoning.
- The property has a full unfinished basement adding an additional 2,342 square feet.
- Rents are below market allowing for significant upside.
- Expansive off-street parking lot with frontage on Main Street
Executive Summary
A wonderful opportunity to purchase a commercial mixed use building in the Arlington Town Center - just steps away from the esteemed Vassar College! The ATC zoning allows a variety of retail, business, office, and residential uses and with special permit and town approval, the possibilities are endless!
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,379 SF
Building Class
C
Year Built
1916
Price
$1,027,666 CAD
Price Per SF
$191 CAD
Cap Rate
7%
NOI
$71,904 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Land Acres
0.34 AC
Zoning
ATC - Arlington Town Center
Parking
19 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
44 ft on Main Street
Amenities
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Juan Murphy's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Juan Murphy's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 134689-6161-08-806808-0000 | Total Assessment | $664,212 CAD |
| Land Assessment | $316,391 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $347,821 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
134689-6161-08-806808-0000
Land Assessment
$316,391 CAD
Improvements Assessment
$347,821 CAD
Total Assessment
$664,212 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
-
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796 Main St
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