2303 Lucas Tpke High Falls, NY 12440
Truthful Real Estate Listing Information
Property Information Major Issues of Concern.
Driveway and parking area are located in a shared Right of Way with a neighboring residential home. Neighboring residential home has shared access off of Lucas Tpk.
*Please review Property Site Plan for 2303 Lucas Tpk High Falls NY 12440.
Current Residential Septic Field is a Grandfathered Shared Septic field with a residential property in same location. Septic field is designed for residential use only. Septic field may not handle commercial usage.
Per Ulster County building code, Septic fields cannot be paved over with asphalt for parking lots. Please consult with your engineer for possible future septic issues.
View the Estimated Market Value for 2303 Lucas Tpk High Falls, NY 12440 on Zillow.com
Property Facts
Sale Type Investment
Property Type Retail Property Subtype
Storefront Retail/Residential
Building Size 4,664 SF
Building Class A
Year Built/Renovated 1950/2020
Price $995,000
Price Per SF $213
Cap Rate 8%
NOI $79,600
Percent Leased 80%
Tenancy Multiple
Building Height 2 Stories
Building FAR 0.22
Land Acres 0.49 AC
Frontage 107Ft. on Rt. 213
Property Address and Information
The address of this real estate listing is 2303 Lucas Tpke High Falls, NY 12440
From the property owner:
Real estate investors and entrepreneurs, here is an opportunity to own a perfectly renovated Class A Mixed-Use building on a destination corner of one of the Hudson Valley’s most popular small towns. The necessary capital investments to this property have already been made and three out of four spaces are currently rented to unstable tenants. Set on a half-acre on Lucas Turnpike in High Falls, across from the regionally popular High Falls Food Co-op, this 4,664 sqft multi-use building has parking to accommodate customers for the two retail spaces as well as the tenants for the three bedroom and one-bedroom apartments on the second floor. One of the retail spaces is currently a hair salon. The property has 76 feet of creek frontage on the beautiful Rondout Creek which might be incorporated into the business of a retail tenant. The four corners where the property sits connects visitors and residents of High Falls, Stone Ridge, Rosendale and Marbletown and is trafficked by 10,000 cars a day. The list of improvements made in the recent renovation is exhaustive and available from the listing agent, highlights include: new shiplap wood siding, custom Marvin Elevate (Integrity) windows, a standing seam metal roof, new electrical and plumbing. Individual meters and utilities for each unit are in place. This is a sweat-equity-free money maker located at 2303 Lucas Tpk High Falls NY 12440.