105 Partition St 3,278 SF 100% Leased Retail Building Saugerties, NY 12477 $1,295,000 ($395.06/SF) 5.48% Cap Rate

Prime Saugerties location on Partition St right next to the municipal parking lot. This 5-unit, three-residential / two-commercial, building was previously town approved for a substantial addition of approximately 7800 additional soft spanning three floors and an additional 5 units. The added five units would include a large commercial space (~2600 sqft foot rent) and four residential units varying in sizes. The property currently has several parking spots on it which may be able to be increased by further taking space from the large backyard, if desired. The parking lot on this property is accessed directly from the municipal parking lot and would benefit a future commercial user or support further use by added residential units. Full alteration plans available upon request. This lot is uniquely positioned with plenty of depth to support development. The basement features additional storage space, houses a washer / dryer and the mechanicals. Saugerties is centrally located off route 87 between skiing (Hunter Mountain, Windham) and other amazing surrounding towns such as Rhinebeck, Kingston, and Hudson. Approximately 100 miles from Manhattan and easy to get to.