MARBLETOWN NY - ID: 20220475
On the Market
Ulster:20220475_31
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  • Price: $1,949,000
  • Sq. Feet: 40,000
  • Acreage: 7.74
  • Year Built: 1960
  • School District: RONDOUT VALLEY
  • CONTACT
     Summerset Realty
    (845) 691-6950
    summersetrealty@aol.com
Property Type: Industrial

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.
Please see associated docs for income/expense setup . OWNER FINANCING AVAILABLE.

FEATURES:
SURVEY: Yes
ZONE: Ind
LOT DIMENSIONS: 7.74
ELECTRICITY: 200 Amps, Three Phase
LOT FEATURES: Private, Parking Lot
LOT/SITE: Hamlet/Village
ROAD FRONTAGE: Country Road, State Road
 
Listing courtesy of: Corcoran Country Living / Listing Agent: Jeanne Rakowski
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