SqFt
9,635
HUGE PRICE REDUCTION OF $600,000 PLUS SELLERS WILL HOLD PAPER WITH 50% DOWN. This listing includes 40 Mill Hill Road and 10 Deming Street behind it. 40 Mill Hill has 4 retail spaces including an Indian Restaurant downstairs. Upstairs includes 3 good size professional office spaces which could become 3 nice rental apartments if the new buyer chooses to change the use. The 10 Deming St. building consists of 2 active businesses on 2 floors, that also could be converted into rental apartments, and a large private parking lot. Rare to find large parking areas in Woodstock. A total of 9 rental units, fully occupied. These 2 properties are offered for sale for the first time in decades. Great opportunity to invest in this vibrant town. The potential is endless!! Total square footage of both buildings is 9,635.sq. ft. HEAT and ELECTRIC paid by tenants. Right now this is the most important commercial property for sale at a great in- town location. Walk to everything in this wonderful town. Restaurants, galleries, heath food store, pharmacies, banks, hiking trails, music, unique retail shops, weekend flea market, NYC bus stop.
Listing Price
$1,900,000
Listing ID
20212248
Year Built
1975
Property Type
Commercial
Zoning
Commercial
County
Ulster County
Listing ID
20212248
Price$1,900,000$95K
Status
Fully Executed Contract
SqFt
9,635
Acres
0.280
County
Ulster County
Year Built
1975
Property Type
Commercial
Property Sub Type
Retail
Listing Agent
Richard Miller
Email: Contact Richard
Area/Town
WOODSTOCK
School District
Onteora Central
County
Ulster County
Price Before Reduction
1995000
Price Reduction Date
2021-12-28T19:52:41+00:00
Property Sub Type
Retail
Property Type
Commercial
Year Built
1975
Zoning
Commercial
Basement
FULL, MIXED
Cooling/Air Conditioning
DUCTLESS SPLIT AC UNITS, WALL UNIT
Floors
CARPET, MIXED, WOOD
Heat Source
BASEBOARD
Heating Fuel
ELECTRIC, PROPANE
Hot Water
ELECTRIC, PROPANE
Interior
OFFICE SQFT, RETAIL SQFT, WALL UNITS
Other Rooms
OFFICE
Garage/Parking Extras
LOT-PAVED, OFF STREET, Parking Spaces 20+
Lot
7
Lot Dimensions
.28
Lot Features
PARKING LOT
Lot/Site
HAMLET/VILLAGE
Other Buildings
OTHER/SEE REMARKS
Road Frontage
CITY STREET, STATE ROAD, PAVED
Address 2
10 Deming St.
Area/Town
WOODSTOCK
Block
4
Lot Block Address
7,4,40 Mill Hill
School District
Onteora Central
Section
27.55
Townships
Woodstock
Addendum
The upstairs at 40 Mill Rd., above the psychic's shop, is a large open studio space with a spacious kitchen area and a bathroom. Formally, the Fletcher Art Gallery. This building has a myriad of potential uses for the new owner, and with this huge price adjustment, the numbers make sense SELLERS WILL HOLD PAPER WITH 50% DOWN
Age
41-60
Assessed
825000
Commercial Features
DISPLAY WINDOW, PUBLIC BATHROOMS
Construction
FRAME/STICK
Current Business Type
GENERAL RETAIL, HEALTH STORE
Current Business Type Count
OFFICE-GENERAL, OFFICE-PROFESSIONAL, RESTAURANT, RESTAURANT W/BAR
Electricity
MIXED
Flood Plain
N
Listing Agreement
Yes
Number of Units
10
Sewer
MUNICIPAL
Survey
yes
Water
MUNICIPAL
Annual Income
124200
Annual Net
94250
Cap Rate
5
For Sale/Rent
For Sale
Foreclosure
no
General Tax
11126
Lease Type
MONTH TO MONTH, ONE YEAR
Owner Pays
TAXES
Sales Include
BLDG
School Tax
13141
Short Sale
no
Tax Exemption
no
Tenant Pays
ALL UTILITIES
Terms
CASH PREFERRED
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