SqFt
40,000
Welcome to Hudson Valley's , Mohonk Arts Complex, a community of a cluster of artisans. Warehouse is 40,000 sq ft of continuing halls leads to studios, workshops and storage, varying 300 sq ft -2,000 sq ft. Each space served for its individual purpose. Thirty-six amazing spaces w room for increased studios. This One-story warehouse rests on 7.74 acreages in the charismatic hamlet of High falls, NY. Two hours from NYC. Property details, loading docks, egress entrance for deliveries /entry for tractor trailers. Excess of parking. Two 4 stall bathrooms, community space avail to renters. Leases are typically 1 year term w annual renewal. Minimum turnabout of occupants. Strong need is steady w inquires to lease in this ingenious community. Proprietor installed complete state of the art roof structure. Studios are all to code and different in design. Ceiling height ranges 10-16 ft. Communal loading docks accessible. Artists comprise woodworking, craftsmen ,barrel makers, seat weaver, kombucha production, candle maker, popcorn and bread distribution , antique/vintage, book and art dealers, painters, sculptors and more.. A society of gift and passion has been created in this 40,000 sq ft warehouse. Plot has unlimited possibilities, including building additional structure to add to this thriving and imaginative community. Much, much more!! Solid and lucrative income producing investment equity offering a 8-9% cap rate at asking price. Please see associated docs for complete setup. OWNER FINANCING AVAILABLE.
Listing Price
$1,949,000
Listing ID
20220475
Year Built
1960
Property Type
Commercial
Zoning
IND
County
Ulster County
Listing ID
20220475
Price$1,949,000$1K
Status
ACTIVE
SqFt
40,000
Acres
7.740
County
Ulster County
Year Built
1960
Property Type
Commercial
Property Sub Type
Industrial
Area/Town
MARBLETOWN
School District
RONDOUT VALLEY
County
Ulster County
Price Before Reduction
1950000
Price Reduction Date
2023-03-25T01:57:20+00:00
Property Sub Type
Industrial
Property Type
Commercial
Year Built
1960
Zoning
IND
Basement
NONE
Ceiling Height
10-16ft
Floors
CONCRETE
Heat Source
SPACE HEATERS, SUB-BLOWERS
Heating Fuel
ELECTRIC, PROPANE
Hot Water
ELECTRIC, GAS
Interior
WAREHOUSE SQFT
Warehouse SqFt
40,000
Exterior
DOORS 10-15 FT
Garage/Parking Extras
LOT, OTHER/SEE REMARKS, Parking Spaces 20+
Loading Dock
yes
Lot
37.10
Lot Dimensions
7.74
Lot Features
PARKING LOT, PRIVATE
Lot/Site
HAMLET/VILLAGE
Other Buildings
OTHER/SEE REMARKS
Overhead Doors
yes
Road Frontage
COUNTRY ROAD, STATE ROAD
Area/Town
MARBLETOWN
Block
3
Lot Block Address
37.10,3,186 Mohonk
School District
RONDOUT VALLEY
Section
70.3
Townships
Marbletown
Addendum
Please see associated docs for income/expense setup . OWNER FINANCING AVAILABLE.
Age
41-60
Assessed
799200
Commercial Features
DOCK-EXTERIOR, DOCK-INTERIOR, HANDICAP ACCESS, DOORS OVER 10FT
Construction
MASONRY
Current Business Type Count
MANUFACTURING, WAREHOUSE, OTHER
Electricity
THREE PHASE, 200 AMPS
Flood Plain
N
Listing Agreement
Yes
Sewer
SEPTIC IN-GROUND
Survey
yes
Water
MUNICIPAL
Annual Expenses
50,395
Annual Income
273228
Annual Net
223374
Cap Rate
9
For Sale/Rent
For Sale
Foreclosure
no
General Tax
1396
Lease Type
MONTH TO MONTH, ONE YEAR
Monthly Income
22769
Sales Include
BLDG, OWNER WILL LEASE BACK
School Tax
14966
Short Sale
no
Terms
OWNER WILL FINAN, TO QUAL. BUYER
Total Taxes
4572
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