23 Main Street, Wallkill, NY 12589 - Team Patel

$1,900,000

Opportunity awaits! This exceptional mixed-use commercial property in the Hamlet of Wallkill offers a rare investment opportunity combining a fully operational restaurant and bar on the first floor with four fully leased residential apartments above, all situated on a prominent 9,000 square foot corner lot. The building totals approximately 5,210… Read More square feet and was completely renovated in 2016, ensuring modern systems, updated interiors, and a turnkey condition for both business and residential use. The ground floor restaurant features a 20-seat bar and a spacious dining room, complemented by additional bar-top seating that creates a vibrant and inviting atmosphere. The commercial kitchen is fully equipped with an extensive array of professional-grade appliances, including a large walk-in cooler, designed to support efficient, high-volume food preparation. Ample basement storage provides valuable space for inventory and supplies, making operations smooth and well-organized. The restaurant also boasts a large covered front porch and a generous rear deck, both ideal for outdoor seating and seasonal gatherings, enhancing customer capacity and experience. This establishment benefits from a loyal and well-established customer base, supported by an experienced and dedicated team of employees. As one of the few full-service restaurants in the town, it enjoys steady foot traffic, repeat business, and a strong presence in the community, contributing to consistent revenue and operational stability. Above the restaurant, the second and third floors contain four residential apartments, all currently rented to reliable tenants. These units provide stable monthly rental income, complementing the commercial revenue from the restaurant. Each apartment was fully renovated alongside the rest of the building in 2016, featuring updated kitchens, bathrooms, and modern finishes. Separate utilities for each unit allow for straightforward management and billing, while the diverse tenant base adds to the property's strong income profile. The building’s corner lot location offers excellent visibility and accessibility from multiple streets, increasing exposure to both pedestrian and vehicle traffic. With plenty of private parking available on site—a rare commodity in this area—customers and tenants alike enjoy added convenience, supporting both business growth and residential satisfaction. The property’s comprehensive renovation addressed all major components including roofing, HVAC, plumbing, electrical systems, and interior finishes. These upgrades have resulted in a safe, efficient, and attractive space ready for continued operation without immediate capital expenditures. This versatile property is a great investment for anyone seeking to manage a successful restaurant with built-in rental income or looking for a stable asset with multiple revenue streams. The established business, combined with fully leased apartments and a prime location, offers a unique blend of security and growth potential in a highly desirable Ulster County community. Financial details, lease information, and additional operational data are available upon request to qualified buyers. Showings are by appointment only. Read Less

Listing Courtesy of Century 21 Hudson Valley Rlty..

Listing Snapshot

Days Online

Last Updated

Jun 12, 2026

Property Type

Business

Lot Size

0.21 Acres

Property Tax

$16,067

MLS Number

1012592

30 Days Snapshot Of 12589

$493k

-21%

(avg) sold price

+14%

homes sold

156

+39%

(avg) days on market

Snapshot

Area Map

Additional Details

Basement

Description: "See Remarks", "Storage Space"

Building

Building Area: 5210, Construction Materials: "Other"

Cooling

Details: "Central Air"

Floors

Flooring: "Combination"

Heating

Heating: "Heat Pump", "Natural Gas"

Lot

Features: "Corner Lot", "Interior Lot", "Level", "Paved", Acres: 0.2066, Size: 9000

Parking

Parking Total: 15

Property

Zoning: SB

Utilities

Sewer: "Public Sewer", Water Source: "Public", Utilities: "Cable Connected", "Electricity Connected", "Natural Gas Connected", "Phone Connected", "Sewer Connected", "Trash Collection Private", "Water Connected"

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

Menu

23 Main Street

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Let’s Talk About Your Next Move