2676 W Main Street,Wappingers Falls, NY 12590
Wappingers Falls, NY 12590
Description
Exceptional mixed-use property offering strong existing income, modern updates, and additional value-add potential. This turnkey building features a beautifully updated 3-bedroom, 1-bath residential apartment along with an established commercial wellness space, plus an additional approximately 1,050 sq. ft. lower-level unit currently gutted and ready to be finished.The property has undergone extensive improvements, including a brand-new roof, spray foam insulation, new windows and glass, and all-new mechanical systems, providing a modern, low-maintenance investment for the next owner. RESIDENTIAL UNIT | APPROX. 1,200 SQ. FT.Fully updated 3-bedroom, 1-bath apartmentForced-air heat and central air conditioningIn-unit washer and dryerCurrently leased at $2,500/monthExcellent turnkey condition COMMERCIAL SPACE | APPROX. 1,050 SQ. FT.Established wellness business with 15 years of experienceCurrently leased at $1,950/monthRenovated in 2023Attractive opportunity for an owner-user or investor ADDITIONAL VALUE-ADD SPACEApproximately 1,050 sq. ft.Currently gutted and ready for future build-outSignificant potential to create additional income-producing space, subject to applicable approvals FINANCIALSCurrent gross rental income: $4,450/monthCurrent annual rental income: $53,400Annual property taxes: approximately $11,000Annual insurance: approximately $2,000Tenants pay all utilitiesWith approximately 3,300 sq. ft. of total space, this property combines established rental income with substantial future upside. The recent capital improvements, existing residential and commercial tenants, and additional unfinished space make this an attractive opportunity for investors seeking income, flexibility, and long-term appreciation potential.A rare opportunity to acquire a professionally updated mixed-use property with income in place and room to increase its earning potential.Buyers agent to confirm all details.
Details
| MLS # | 1051124 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 49 |
| Listing Provided By | Sams Realty | Anthony P. Hardisty |
Features
| SQ Feet | 3,465 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | CB |
| Acreage | 0.05 |
Interior
| Cooling | Ductless |
|---|---|
| Heating | Forced Air |
| Appliances | Dishwasher, Electric Range, Microwave, Refrigerator |
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 199500 |
| Tax Annual Amount | 6922.02 |
Area Information
| State | NY |
|---|---|
| County | Dutchess County |
| City | Wappingers Falls |
| Zip Code | 12590 |
| School District | Roy C Ketcham Senior High Sch |
| Elementary School | Sheafe Road Elementary School |
| High School | Roy C Ketcham Senior High Sch |
| Listing VS Median (in 12590) | |
Price: $649,000 low | high Med: $500,000 sqft: 3,465 low | high Med: 2,435 $ / sqft: $187 low | high Med: $219 On site: 49 low | high Med: 131 | |
Market Activity 12590
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| State | NY |
|---|---|
| County | Dutchess County |
| City | Wappingers Falls |
| Zip Code | 12590 |
| School District | Roy C Ketcham Senior High Sch |
| Elementary School | Sheafe Road Elementary School |
| High School | Roy C Ketcham Senior High Sch |
| Listing VS Median (in 12590) | |
Price: $649,000 low | high Med: $500,000 sqft: 3,465 low | high Med: 2,435 $ / sqft: $187 low | high Med: $219 On site: 49 low | high Med: 131 | |
270 Main Street
Cornwall, NY 12518
845-534-7874
Hours of Operation
Specializing in Buying and
Selling Real Estate in Cornwall,
NY and surrounding areas.
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