Description
A unique mixed-use commercial property available in the Hamlet of Lexington, in the heart of the Catskills and only 12 minutes to Hunter Mountain. There are two commercial units on the ground floor, and a very sweet and spacious three bedroom apartment above. Fully occupied with great and stable tenants - on one side is the US Post Office and on the other is Van Dusen's General Store. The three bedroom apartment above is a successful Airbnb with a strong rental history. The 2.5 acre parcel is located at the corner of Route 42 and Route 23A, and it's no exaggeration to say that this property is the busy little heart of the Hamlet. Outside there is a large parking lot with a street-side planting bed, a picnic area on the side of the building, and a two car garage at the rear. Priced at a 7% Cap Rate, with lease and income information available for qualified buyers.
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3BEDS
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2.5ACRES
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1BATHS
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21/2 BATHS
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3,840SQFT
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$137$/SQFT
Description
A unique mixed-use commercial property available in the Hamlet of Lexington, in the heart of the Catskills and only 12 minutes to Hunter Mountain. There are two commercial units on the ground floor, and a very sweet and spacious three bedroom apartment above. Fully occupied with great and stable tenants - on one side is the US Post Office and on the other is Van Dusen's General Store. The three bedroom apartment above is a successful Airbnb with a strong rental history. The 2.5 acre parcel is located at the corner of Route 42 and Route 23A, and it's no exaggeration to say that this property is the busy little heart of the Hamlet. Outside there is a large parking lot with a street-side planting bed, a picnic area on the side of the building, and a two car garage at the rear. Priced at a 7% Cap Rate, with lease and income information available for qualified buyers.
© 2023 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gabel Real Estate. Data last updated: 2023-03-22T21:46:36.807.