Active
2303 Lucas Turnpike
High Falls NY, 12440
$929,000
$199.19 per sqft
Active
4,664 sqft
Commercial
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.
20244234
MLSⓇ ID
October 17, 2024
Listed
October 23, 2024
Updated
Map
2303 Lucas Turnpike
High Falls NY, 12440
Interior Features
Total Stories
2
Appliances
Water Softener Owned, Water Softener, Water Purifier Owned, Water Heater, Washer/Dryer, Washer, Vented Exhaust Fan, Self Cleaning Oven, Refrigerator, Range Hood, Range, Oven, Gas Range, Gas Oven, Free-Standing Refrigerator, ENERGY STAR Qualified Water Heater, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, Electric Water Heater, Dryer, Dishwasher, Built-In Range
Floor Description
Ceramic Tile, Concrete, Hardwood, Plank, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric, Separate Meters, Zoned, Other
Heating
Yes
Heating Description
Central, Forced Air, Propane, Separate Meters, Varies by Unit, Wall Furnace, Zoned
Exterior/Building Features
Lot Size
0.62 Acres
Exterior Features
Lighting, Private Entrance, Rain Gutters, Smart Camera(s)/Recording
Lot Features
Cleared, Corner Lot, Gentle Sloping, Paved, Sloped Down, Other, See Remarks
Roof
Metal
Sewer
Septic Tank
School Information
Elementary School
Bennett 4-6
Other Property Details
Area Name
Marbletown
Taxes
$9,670
Tax Frequency
Annually
Garage
No
Parking Total
15
View
No
County
Ulster
Municipality
Marbletown
Water Source
Well
Pool
No
Waterfront
Yes
Zoning
B-1
Listed by Jane Stack with Four Seasons Sotheby's Int'l R
Listing Contact:
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Data last updated on 10/23/2024 at 5:51 PM UTC