For more information on this property, contact Jeanne Rakowski at [email protected]

186 Mohonk Road
High Falls, New York NY 12440
Price: $1,949,000
Listing ID 20220475
Status ACTIVE
SqFt 40,000
Acres 7.740
Year Built 1960

Property Description:

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.

Primary Features

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

Interior

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

External

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

Location

Area/Town: MARBLETOWN
Block: 3
Lot Block Address: 37.10,3,186 Mohonk
School District: RONDOUT VALLEY
Section: 70.3
Townships: Marbletown

Additional

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

Financial

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

Zoning Info


©2008 Multiple Listing Service of Ulster County and the Ulster County Board of Realtors. All rights reserved. The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated: Thursday, March 28th, 2024 at 10:57:27 AM.

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