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28369 New York 206 4,800 SF 100% Leased Retail Building Downsville, NY 13755 $369,000 ($76.88/SF)

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INVESTMENT HIGHLIGHTS

  • Great business opportunity for many different ventures.
  • The upper level also contains a 700+ square foot storage area.

EXECUTIVE SUMMARY

This Grand Building is located in a prime, highly visible location, at the the junction of two well traveled state highways. Located in an up and coming area of the Catskills, this solidly constructed building has been a part of the towns commercial center for many decades.
Over the years many different businesses have had their home here and it is currently being operated as an antiques store. A restaurant, brewery, or any other retail venue are among the endless possibilities (there is NO ZONING here).
The structure which measures just under 5000 square feet has an open lower floor now being used as a large retail area and would make a great restaurant space. The ceiling, which has been lowered, could easily be returned to its full 12 foot grandeur. Complementing the lower floor is a full kitchen and two baths.
The upper floor , accessed by two stairways, is now also being used as retail space but could converted back to two separate income generating apartments. The upper level also contains a 700+ square foot storage area.
A 2000 square foot basement, with both interior and exterior access, completes the building.
The septic and electrical systems have been upgraded and is serviced by municipal water.
Located just over two hours from New York City the property is located in one of the lowest taxed towns in New York State.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Building Class
C
Year Built
1900
Price
$369,000
Price Per SF
$76.88
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.19 AC
Zoning
Not zoned - No zoning in the town of Colchester or Hamlet of Downsville.
Frontage
40’ on New York 206

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
122400-358-002-0003-001-000
Land Assessment
$600
Improvements Assessment
$3,900
Total Assessment
$4,500
  • Listing ID: 33742686

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 28369 New York 206, Downsville, NY 13755

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