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Listing Details

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School Ratings & Info

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Description

A Great Investment Property with a Bar, Restaurant, & Motel with up to 37 Rental Units on 11.6 Acres! There are 37 total units: 1 bar & restaurant, 31 residential rental units, 1 RV site, 3 garages, & 1 storage shed. The annual rent roll is $366,840 which does not include the commercial bar/restaurant, 2 garages, & 1 shed. There's additional income that comes from the vending machines & the coin-operated laundry. The bar/restaurant is 4,500 sq ft with a 2,500 sq ft apartment on the 2nd floor. The bar is 22 x 26 ft, the dining room is 24 x 45 ft, the commercial kitchen is 24 x 24 ft, along with 3 other dining & game rooms. The bar/restaurant is currently not operating under the pandemic. There are a total of 59 bedrooms, 34.5 baths, an outdoor pool, multiple parking areas, & an outdoor barbecue pavilion. There are 3 driveway entrances, 12 septic tanks, 6 wells, & purchased solar panels. There are lawns, yards, & space on the property to expand or subdivide. It's an Amazing Property!

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© 2021 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: 2021-09-20T10:46:25.313.
www.gabelrealestate.com/homes/114036490
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5207 Route 32 Catskill, NY 12414

  • Price: $3,499,900
  • Status: Active
  • Updated: 14 min ago
  • MLS #: 136200
40
Beds
Baths
3
½ Baths
11.6
Acres
32,000
SQFT
$109
$/SQFT
1980
Built
Neighborhood:
Catskill
County:
Greene
Area:
Catskill
School District:
Catskill
Property Description
A Great Investment Property with a Bar, Restaurant, & Motel with up to 37 Rental Units on 11.6 Acres! There are 37 total units: 1 bar & restaurant, 31 residential rental units, 1 RV site, 3 garages, & 1 storage shed. The annual rent roll is $366,840 which does not include the commercial bar/restaurant, 2 garages, & 1 shed. There's additional income that comes from the vending machines & the coin-operated laundry. The bar/restaurant is 4,500 sq ft with a 2,500 sq ft apartment on the 2nd floor. The bar is 22 x 26 ft, the dining room is 24 x 45 ft, the commercial kitchen is 24 x 24 ft, along with 3 other dining & game rooms. The bar/restaurant is currently not operating under the pandemic. There are a total of 59 bedrooms, 34.5 baths, an outdoor pool, multiple parking areas, & an outdoor barbecue pavilion. There are 3 driveway entrances, 12 septic tanks, 6 wells, & purchased solar panels. There are lawns, yards, & space on the property to expand or subdivide. It's an Amazing Property!
Exterior Features

Construction Frame Driveway Yes Flood Zone No Foundation BlockBrick/MortarPoured ConcreteSlabWood Lot Size 11.6 Acres Lot Square Footage 505296.00 Parking Multiple Parking Areas Paved Street Yes Road Frontage Approximately 695' Roof AsphaltMetalShingle

Interior Features

Air Conditioning Yes Alarm Yes Heat Type Base BoardPropaneElectricSpace HeaterHeat PumpHot Water Restrooms 34.50 Water Heater Propane Windows Double HungDisplay

Property Features

Electric 60 Amps100 Amps200 AmpsCircuit Breakers Financing Avail BankCash Number Of Levels 1.00 Other Tax 0.00 School Tax 17755.15 Sewer Septic Tank Town Tax 9366.03 Village Tax 0.00 Water Well

Listing provided courtesy of Theodore Banta III of Rip Van Winkle Mountain Realty.


© 2021 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: 2021-09-20T10:46:25.313.
 
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Gabel Real Estate
798 Route 203
Spencertown NY, 12165