This is a golden investment opportunity! This unique mixed-use property in Garrison features a grandfathered retail/food services space on a residentially zoned lot. The residential portion also generates rental income. The current business and equipment occupying the retail space is not included in the sale, and its lease runs through March 2025. The residential rental operates on a month-to-month lease. The retail tenant covers 70% of the oil costs, with the landlord covering the remaining 30%. Other utilities are separately metered. Current rental income is $2,500 for the retail space and $2,400 for the residential unit. Additionally, the sale includes an adjacent vacant residential lot. Although the lot is currently not considered buildable, there may be potential to redraw property lines with the adjacent property to meet buildable lot requirements. Tax info includes both lots.
The median home value in Garrison, NY is $1,074,950. This is higher than the county median home value of $338,400. The national median home value is $219,700. The average price of homes sold in Garrison, NY is $1,074,950. Approximately 71.14% of Garrison homes are owned, compared to 11.69% rented, while 17.17% are vacant. Garrison real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Garrison real estate agent to arrange a tour today!
Garrison, New York has a population of 4,303. Garrison is less family-centric than the surrounding county with 28.63% of the households containing married families with children. The county average for households married with children is 35.86%.
The median household income in Garrison, New York is $125,912. The median household income for the surrounding county is $99,608 compared to the national median of $57,652. The median age of people living in Garrison is 49.4 years.
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 20.1 degrees. The average rainfall is approximately 49.1 inches per year, with 35.2 inches of snow per year.