Lloyd, NY 12528

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.2 Acres

Financials

Price:$1,275,000
Annual Taxes:$12,720
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Houlihan Lawrence Inc.

Rare Mixed Use Investment Opportunity in the Heart of Highland New York.

Description

Rare Mixed-Use Investment Opportunity in the Heart of Highland New York. Discover a unique income-producing property in the center of Highland's vibrant business district. This historic mixed-use complex consists of two attached buildings offering approximately 6,900 square feet of space with a blend of commercial and residential income streams. An exceptional opportunity to own a property with historic character, exposed brick, a creekside setting. The distinctive atmosphere combined with future upside in the Hudson Valley presents a investment opportunity rarely found in today's market. The property features two well established street-level commercial storefronts, three residential apartments above, and full basements below. Adding to its charm is a separate carriage house/barn situated along the scenic Twaalfskill Creek. All tenants pay their own electric, heat and hot water. The multiple revenue sources provide investors and owner-operators with strong cash-flow, opportunity to enhance the current revenue streams, and potential to create additional revenue streams, and long-term value. The underutilized basement and separate carriage offering exciting possibilities for retail, studio, event, café, gallery, or other creative and revenue-generating use. The building and property are well maintained. Recent improvements have included updates to major building systems, new gas hot water boilers-2024, new apt refrigerator – 2025, Refreshed apartment kitchen (new ceiling and new floor), and new roof with access hatch-2026. Priced at a 7-Cap, with a little effort it can be an 8-Cap; and more is possible! Conveniently located just minutes from the Mid-Hudson Bridge, Route 9W, SUNY New Paltz, and the Walkway Over the Hudson. This versatile property offers exceptional potential for investors, entrepreneurs, restaurateurs, and developers seeking a landmark location with multiple income opportunities.

Amenities

  • Back Yard
  • Electricity Connected
  • Phone Connected
  • Sewer Connected
  • Stream
  • Water Connected
  • Waterfront Property

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.