Key Facts
- MLS® #: 20244292
- Property ID: SIRC2148005
- Original Price: USD 929,000
- Property Type: Residential, Other
- Lot Size: 0.62 ac
- Year Built: 1950
- Bedrooms: 4
- Bathrooms: 2+2
- Listed By:
- Jane Stack
Property Description
Investors and entrepreneurs, here's a chance to own a fully renovated, Class A mixed-use building on over half an acre in one of the Hudson Valley's most popular small towns. Located on Lucas Turnpike in High Falls, right across from the High Falls Food Co-op, this 4,664 sq. ft. property includes four leased spaces providing steady income. The building features two ground-floor retail units; a hair salon and a wholesale Internet business plus two apartments upstairs (a three-bedroom and a one-bedroom). With 15 town-approved parking spaces, there's plenty of room for customers and tenants alike. The property offers an 8.5 cap rate and has seen extensive renovations, including new shiplap wood siding, Marvin Elevate windows, a standing seam metal roof, upgraded electrical and plumbing, and separate meters for each unit. Additionally, there's 76 feet of creek frontage along the Rondout Creek, which could be leveraged by future tenants. The location connects High Falls, Stone Ridge, Rosendale, and Marbletown, with over 10,000 cars passing by daily. Contact me for a list of improvements and to arrange a viewing. Listing agent has a financial stake in the property.
Listing Agents
- Jane Stack
C. 9172707800
O. 9172707800
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Location
2303 Lucas Turnpike , High Falls, New York, 12440 United States
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Four Seasons Sotheby's International Realty
31 Mill Hill Rd
Woodstock, New York, 12498
United States
845.684.0084