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1620 Columbia Tpke 6,000 SF Retail Building Castleton On Hudson, NY 12033 $305,000 ($50.83/SF) 7% Cap Rate
Investment Highlights
- Fantastic Investment Opportunity.
- Great potential for being a bar/restaurant again, with fully equipped kitchen. Bed and Breakfast.
- This mixed use property has 3 apartments above the former Belvedere restaurant.
Executive Summary
GREAT INVESTMENT OPPORTUNITY! This mixed use property has 3 apartments above the former Belvedere restaurant. In addition, a 2 bedroom cottage nicely situated --- back of property. Current owner renovated all apartments with separate utility meters; installed hardwood floors; wall to wall carpet. In addition, all new appliances and freshly painted. Great potential for being a bar/restaurant again, with fully equipped kitchen. Bed and Breakfast.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1829
Price
$305,000
Price Per SF
$50.83
Cap Rate
7%
NOI
$21,350
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
1.03 AC
Zoning
HC - Highway Commercial
Parking
40 Spaces (9.71 Spaces per 1,000 SF Leased)
Frontage
208’ on Columbia Tpke
Property Taxes
| Parcel Number | 4489-178-11-21 | Improvements Assessment | $93,200 |
| Land Assessment | $100,800 | Total Assessment | $194,000 |
Property Taxes
Parcel Number
4489-178-11-21
Land Assessment
$100,800
Improvements Assessment
$93,200
Total Assessment
$194,000
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1620 Columbia Tpke
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