Active
2303 Lucas Turnpike
High Falls NY, 12440
$929,000
$199.19 per sqft
Active
4 Beds
4 Baths
4,664 sqft
Multi-family
Built in 1950
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.
20244292
MLSⓇ ID
October 23, 2024
Listed
November 22, 2024
Updated
Map
2303 Lucas Turnpike
High Falls NY, 12440
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Appliances
Electric Oven, Dishwasher
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.62 Acres
School Information
School District
Rondout Valley Schools
Elementary School
Bennett 4-6
Other Property Details
Area Name
Marbletown
Taxes
$9,670
Tax Frequency
Annually
Garage
No
View
No
County
Ulster
Municipality
Marbletown
Pool
No
Waterfront
Yes
Zoning
B1
Listed by Jane Stack with Four Seasons Sotheby's Int'l R
Listing Contact:
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Data last updated on 11/22/2024 at 11:53 AM UTC