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 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.

Property Details of 23 Main Street

Property Details

Interior Features

Community

Other Details

Map Location

Listed by Century 21 Hudson Valley Rlty. / Craig Ross Jr. (845-454-6334)

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 20, 2026 4:51 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from The Agency. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.