Property Type: Mixed Use
Description: In the Heart of Woodstock, just steps away from the Village Green, lies Hotel Woodstock. Hotel Woodstock is, quite simply, one of the Best Investment properties in the Hudson Valley! The story goes that Hotel Woodstock was born in 1870 with between 18-20 Rooms and itâ€™s rumored that Ulysses S. Grant stayed here in 1872. Substantive work was done to the structure in the early 1930â€™s by Stanley Brinkerhoff Longyear. In 1962 the many lodging rooms were combined to create eight (8) Private Apartments on the 2nd & 3rd floors for full time residents. In 2016 the current Owners began renting the furnished apartments to guests by the night, returning the building to travelers from around the world once again for that authentic Woodstock experience! Currently the property is set up with Nine (9) Residential Units, Five (5) Retail Units and is Permitted for One (1) Outdoor Vending Space. 5 Rock City Road, the Original Building, has Eight (8) Residential Units and Four (4) Retail Spaces. 9 Rock City Rd, the more recent Cottage, has One (1) Residential Unit, One (1) Retail Space and backs up to the Tannery Brook. The Nine Residential Units are Permitted to operate as a â€œBoutique Hotelâ€ and are offered through Air BNB and VRBO (and its affiliates). The Five (5) Retail Spaces are occupied with three (3) Shops in the Main Building (one shop occupies two spaces). There have been many Improvements since 2016 including the paved lot, the front sidewalk, Electric, Fuel Tanks and more! If youâ€™re looking for a Solid Investment in a perennially stable Tourist Area, look no further. This property is perfect for a 1031 Exchange! People are flocking to the scenic Catskill Mountains to get away, breathe some fresh air, take a hike amongst the natural beauty and experience the many quaint villages lined with charming shops. The Short-term rental industry has been booming locally. The perennially stable and desirable Village of Woodstock provides the perfect get-a-way spot for tourists from the metropolitan areas of downstate New York making this property a solid investment!
Woodstock, also known as, The Colony of the Arts, has been well known as an artists community drawing tourists who enjoy the eclectic retail shops, art galleries, theatrical performances, plus the unique charm, character and friendly atmosphere. People who stay in the area also enjoy a short drive to the Ashokan Rail Trail for an easy walk, jog or bike ride through a beautiful variety of trees that opens up to vast views of the picturesque Ashokan Reservoir and its backdrop of the majestic mountain peaks and ridges. The Catskills also provides more challenging hiking experiences near the Village as well. Woodstock is still alive during the winter months with ski slopes within easy reach for day trips. A variety of festivals and holiday parades will not disappoint and are fun for all ages. Every day visitors will enjoy the special Woodstocky shops that line the streets along with the many unique restaurants.
NUMBER OF UNITS: 14
LOT DIMENSIONS: .32
ELECTRICITY: 200 Amps
LOT FEATURES: Parking Lot
ROAD FRONTAGE: City Street, Paved