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141 Ulster Ave 7,316 SF 100% Leased Retail Building Saugerties, NY 12477 $1,499,000 ($204.89/SF) 6% Cap Rate
Executive Summary
Here is a rare chance to own a fully occupied, mixed-use commercial property in one of the Village of Saugerties' most desirable and convenient locations. Available for the first time in over 25 years, this well-maintained 6-unit building offers the perfect combination of stable income, long-term upside, and an unbeatable location. Only 3 minutes from both busy Main street and the NYS Thruway. The property features three commercial storefronts on the first floor, currently occupied by established local businesses along with three oversized one-bedroom, one-bath residential apartments on the second floor. All units are separately metered for gas and electricity and include plenty of off street parking in a private lot. An increasingly valuable amenity in the Village. All tenants are currently on month-to-month leases, providing flexibility for future ownership. The residential apartments are exceptionally spacious, filled with natural light, and feature beautiful original hardwood floors throughout--offering timeless character and durability. Whether you're looking to establish yourself in the thriving Saugerties market, expand your investment portfolio, or acquire a versatile mixed-use asset with strong upside, 141 Ulster Avenue checks every box. Opportunities to own a property offering this combination of location, stability, and future income potential are exceptionally rare.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,316 SF
Year Built
1895
Price
$1,499,000
Price Per SF
$204.89
Cap Rate
6%
NOI
$89,940
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.54
Lot Size
0.31 AC
Zoning
05 - COMME
Parking
5 Spaces (0.68 Spaces per 1,000 SF Leased)
Frontage
76’ on Ulster Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4801-018.053-0001-023.000-0000 | Improvements Assessment | $362,000 |
| Land Assessment | $50,000 | Total Assessment | $412,000 |
Property Taxes
Parcel Number
4801-018.053-0001-023.000-0000
Land Assessment
$50,000
Improvements Assessment
$362,000
Total Assessment
$412,000
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141 Ulster Ave