Commercial Property With Income Potential For Sale in Upstate NY

Investment property for sale in Georgetown, New York

Looking for a high-potential mixed-use investment property? This unique commercial and residential building offers multiple income streams, flexible zoning, and value-add opportunities—perfect for real estate investors, landlords, or entrepreneurs seeking a live/work property.

Formerly known as the Georgetown Inn, this small-town mixed-use property has been recently updated to include additional apartment units, making it an ideal multi-family investment with strong rental income potential.

The fully remodeled first-floor apartment is move-in ready and features 3 bedrooms, 1 bathroom, and an eat-in kitchen—perfect for immediate rental income or owner occupancy. The former bar/commercial space provides excellent flexibility and can be reopened as a bar, restaurant, retail space, or converted into an additional apartment unit. This area includes two rooms, a bathroom, and basement access, offering a strong foundation for redevelopment.

Upstairs, the property features two additional apartment units. One 2-bedroom, 1-bath apartment will be vacant prior to closing, allowing for easy tenant placement or use as an owner-occupied unit. An adjacent bonus room offers potential for a home office, storage, or expanded living space. This level also includes access to an upstairs porch with renovation potential.

The second upper-level unit is a 2-bedroom, 2-bath apartment currently under construction. All remaining construction materials are included in the sale, providing a turnkey value-add opportunity to increase rental income and overall property value.