7,405 Sqft Lot
7,405 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 990990
Rental Info No
Annual Tax Amount $12,720
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Source onekey2
Property Description
Discover a unique income-producing property in the center of Highland's vibrant business district. This historic mixed-use complex consists of two attached buildings offering approximately 6,900 square feet of space with a blend of commercial and residential income streams. An exceptional opportunity to own a property with historic character, exposed brick, a creekside setting. The distinctive atmosphere combined with future upside in the Hudson Valley presents a investment opportunity rarely found in today's market.
The property features two well established street-level commercial storefronts, three residential apartments above, and full basements below. Adding to its charm is a separate carriage house/barn situated along the scenic Twaalfskill Creek. All tenants pay their own electric, heat and hot water. The multiple revenue sources provide investors and owner-operators with strong cash-flow, opportunity to enhance the current revenue streams, and potential to create additional revenue streams, and long-term value.
The underutilized basement and separate carriage offering exciting possibilities for retail, studio, event, café, gallery, or other creative and revenue-generating use.
The building and property are well maintained. Recent improvements have included updates to major building systems, new gas hot water boilers-2024, new apt refrigerator – 2025, Refreshed apartment kitchen (new ceiling and new floor), and new roof with access hatch-2026.
Priced at a 7-Cap, with a little effort it can be an 8-Cap; and more is possible!
Conveniently located just minutes from the Mid-Hudson Bridge, Route 9W, SUNY New Paltz, and the Walkway Over the Hudson. This versatile property offers exceptional potential for investors, entrepreneurs, restaurateurs, and developers seeking a landmark location with multiple income opportunities.
Location
State NY
County Ulster County
Rooms
Basement Unfinished, Walk-Out Access
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Stream
Building
Lot Description Back Yard, See Remarks, Waterfront
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Highland
School District Highland
Others
Special Listing Condition None
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