Property Type: Multi-Unit
Description: A rare commercial property in the Town of Olive with large acreage and multiple Zoning uses. This property would be ideal for immediate use as a staging area for a general construction company until future developments are completed. Many commercial and residential opportunities are allowed for this relatively level 27 acre property with about 400â€™ fronting on busy Route 28 in the Hamlet of Shokan in the Town of Olive. A view of the tall Ticeteneyck Mountain is in the background of the three zoning areas that begin as Highway Business along the Route 28 with about 3 acres, then Village Business is in the middle of the property with about 10 acres, then Exurban Residential is in back with about 14 acres. There are two houses rented out, the one in front has been extensively remodeled and has two bedrooms downstairs and a one bedroom apartment upstairs. The ranch style house in back is a single level with three bedrooms and has also been extensively remodeled and could be made handicap accessible. On either side of the front parking area are a 2 bay garage with a second floor and a single bay garage/storage building which can be rented. There is also a house trailer and a double wide shed rented out for storage near the large equipment shed in the middle of the property. There is a dry gravel driveway into where the large 120' long equipment shed is located. Framed with massive timbers there are six 20â€™ wide bays, each 40â€™ deep and almost 16â€™ of useable height with full width sliding doors. The property is well drained with extensive drainage control throughout the front half with the fields and equipment staging area around the equipment barn. The half of the property behind the large barn is sloped so drainage goes to streams on either side of the property. Much of the land is presently being used for construction vehicle storage, and a compost/top-soil processing business. This imminently developable large property is easily reached within two hours from NY City. Nearby are the quaint villages of Phoenicia, Bearsville, Woodstock, and Margaretville with arts and crafts and fine dining, or just enjoying their theaters and music. Nearby is a deli, town swimming pool, town parks, several formal walking trails, and shopping is in nearby Shokan and Boiceville. All outdoor four season activities are readily available for walking and biking around the Ashokan Reservoir, trout fishing and kayaking on the Esopus Creek, hiking and hunting within high peaks of the Central Catskill Mountains, with the solitude of the vast "Forever Wild" state forest all around. These homes are located about 20 minutes from Woodstock, Mohonk, Phoenicia, Belleayre Mt. and a bit longer to Hunter Mt. for skiing or zip-line. It also borders some of the greatest Catskill Mountain hiking trails including several jaunts along environments that are on par with the best natural ecosystems in America. Nearby is access to the large Ashokan Reservoir, home of giant trout, where NYC-DEP permits row boats and fishing. Nearby are the many trails of the State Forest, the local Davis Park, rail trail along the Ashokan Reservoir just across the highway. It is not far to the valley are Minnewaska State Park, Mohonk Preserve, Sundown Wild Forest, and the Blue Hole of the Peekamoose/Sundown gorge, etc. Many adventure recreation opportunities offer themselves with world class rock climbing in the Shawangunks, mountain biking and hiking in the Catskills, as well as Antiquing, Flea Markets, Yard Sales, Summer Stock Theater, Wine Trails, Farm Produce, U-Pick â€˜Em fruits and vegetables, canoe and kayaking, fishing, hunting, and many fine restaurants within 10-20 minutes.
The new Municipal Sewage System along Route 28 will be available for connection soon. This will enhance the development opportunities greatly for the entire property, whether used for commercial or residential purposes. The plans for this can be viewed at the Town Halls at either Watson Hollow Road in West Shokan or at Bostock Road in Shokan. Refer to the attached Zoning Documents to verify the Allowed Uses. Contact LR for rental income information for the 14 different units.
NUMBER OF UNITS: 14
ZONE: Res1-A, Bh, Bv
LOT DIMENSIONS: Irrreg
APPLIANCES: Dryer, Exhaust Fan, Microwave, Oven-Built In, Refrigerator, Range, Range Hood, Washer
ELECTRICITY: 200 Amps, Circuit Breakers, Three Phase
LOT FEATURES: Level, Meadow, Wooded
WATER: Drilled Well
KITCHEN DESCRIPTION: Country, Island
ELEMENTARY SCHOOL: Bennett 4-6