2303 Lucas Turnpike $995,000

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    2303 Lucas Turnpike High Falls, NY 12440

    • Commercial
    • MLS# 20222505
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    Views: 34 Days On Site: 180

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    Property Details

    Description Tours

    Real estate investors and entrepreneurs, here is an opportunity to own a perfectly renovated Class A Mixed-Use building on a destination corner of one of the Hudson Valley's most popular small towns. The necessary capital investments to this property have already been made and three out of four spaces are currently rented to stable tenants. Set on a half-acre on Lucas Turnpike in High Falls, across from the regionally popular High Falls Food Co-op, this 4,664 sqft multi-use building has parking to accommodate customers for the two retail spaces as well as the tenants for the three bedroom and one-bedroom apartments on the second floor. One of the retail spaces is currently a hair salon. The property has 76 feet of creek frontage on the beautiful Rondout Creek which might be incorporated into the business of a retail tenant. The four corners where the property sits connects visitors and residents of High Falls, Stone Ridge, Rosendale and Marbletown and is trafficked by 10,000 cars a day. The list of improvements made in the recent renovation is exhaustive and available from the listing agent, highlights include: new shiplap wood siding, custom Marvin Elevate (Integrity) windows, a standing seam metal roof, new electrical and plumbing. Individual meters and utilities for each unit are in place. This is a sweat-equity-free money maker. Please contact me for the list of improvements.

    • General Features
      • Age 41-60
      • Area Town MARBLETOWN
      • COMMERCIAL FEATURES DISPLAY WINDOW,DOCK-EXTERIOR,DOCK W/O LAVELERE,HANDICAP ACCESS,HANDICAP FACILITY,LAUNDRY ROOM,PATIO/DECKS,PRIVATE RESTROOMS,PUBLIC BATHROOMS,SECURITY LIGHT(S),SMOKE DETECTORS,STORAGE AREA
      • CURRENT BUSINESS TYPE APARTMENT INCLUDED,BARBER/BEAUTY,GENERAL RETAIL
      • Foreclosure No
      • General Taxes 1566
      • Neighborhood HIGHFALLS
      • Owner Pays NONE
      • School Tax 6556
      • Sewer SEPTIC IN-GROUND
      • Short Sale No
      • Tennant Pays ALL UTILITIES
      • TERMS CASH PREFERRED
      • Type Mixed Use
      • Year Built 1950
    • Building Features
      • BASEMENT PARTIAL,SLAB
      • Construction FRAME/STICK
      • COOLING AIR CONDITIONING CENTRAL
      • ELECTRICITY 60 AMPS,CIRCUIT BREAKERS,SINGLE PHASE,100 AMPS,200 AMPS
      • EXTERIOR GUTTERING
      • FLOORS CONCRETE,HARDWOOD,SUB-FLOOR
      • GARAGE PARKING EXTRAS ASSIGNED,DRIVEWAY,parking spaces 11-20
      • HEAT SOURCE CENTRAL,FORCED AIR,WALL
      • HEATING FUEL PROPANE
      • HOT WATER ELECTRIC
      • INTERIOR OFFICE SQFT,RETAIL SQFT,RESIDENTIAL SQFT,TOTAL SQFT,FRONTAGE,ZONING,COOLING,ZONED
      • Number of Units 4
      • Total Building Sqft 4664
    • Property Features
      • Lot Dimensions 27007
      • LOT FEATURES CORNER LOT,PARKING LOT,SLOPE-GENTLY,OTHER/SEE REMARKS
      • LOT SITE FREESTANDING,HAMLET/VILLAGE,RURAL
      • Number of Acres 0.62
      • ROAD FRONTAGE COUNTRY ROAD,PAVED,STATE ROAD
      • WATER1 DRILLED WELL
    • Schools
      • Elementary School BENNETT 4-6
      • Elementary School1 BENNETT 4-6
      • School District RONDOUT VALLEY
      • School District1 RONDOUT VALLEY

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    Neighborhood

    12440 (High Falls) Demographics

    54 Median Age
    62 Population Density (per sq. mile)
    51% College Educated
    $93,938 Estimated Median Income
    500 Estimated Total Home Owners
    103 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    1,449 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    3 New On Market

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        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $995,000
        11/16/2022 12:32:54 PM Price Reduced Source: Multiple Listing Service New Value: $995,000 -9.55%
        8/5/2022 2:33:00 PM New in Database Source: Multiple Listing Service New Value: $1,100,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.