Description
Positioned in the heart of the Village of Middleburgh, this prominent 8,200 square foot, three-story brick mixed-use building is a rare opportunity to own a high-visibility Main Street investment with strong, rental income. The property features off-street parking and a well-maintained, landscaped exterior that enhances its curb appeal. The main level is home to a fully operational, turnkey restaurant with over 20 years of continuous service and a well-established presence in the community. The business is included in the sale. Upper levels provide 7 Residential Rental units, contributing to the property's solid financial performance. Current figures reflect approximately $109,800 in annual gross rental income, $39,400 in operating expenses, and a net operating income of $70,400, making this a compelling long-term investment. With its classic brick exterior, substantial square footage, and prime location in a charming, walkable village setting, this property offers exceptional versatility. The opportunity and potential here are endless.
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8BEDS
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0.25ACRES
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7BATHS
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21/2 BATHS
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8,280SQFT
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$109$/SQFT
Description
Positioned in the heart of the Village of Middleburgh, this prominent 8,200 square foot, three-story brick mixed-use building is a rare opportunity to own a high-visibility Main Street investment with strong, rental income. The property features off-street parking and a well-maintained, landscaped exterior that enhances its curb appeal. The main level is home to a fully operational, turnkey restaurant with over 20 years of continuous service and a well-established presence in the community. The business is included in the sale. Upper levels provide 7 Residential Rental units, contributing to the property's solid financial performance. Current figures reflect approximately $109,800 in annual gross rental income, $39,400 in operating expenses, and a net operating income of $70,400, making this a compelling long-term investment. With its classic brick exterior, substantial square footage, and prime location in a charming, walkable village setting, this property offers exceptional versatility. The opportunity and potential here are endless.
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