Retail Space in Hudson,
For Sale
Contact for pricing
167 Union Turnpike, Hudson, NY 12534
Charming retail space in a vibrant cultural hub.
Property Size1,925 SF
Price / SF$220.78
Days on Market870
Property Features for 167 Union Turnpike
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Retail
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License #NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: Jun 3, 2024
Changed: Oct 8
Last Checked: Oct 19 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CR Properties Group LLC
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Investment Insights
Based on property information with market context.
Located in Hudson, New York, a city on the east side of the Hudson River in Columbia County, this retail space benefits from its location approximately 120 miles north of New York City, 45 miles south of Albany, and 160 miles west of Boston. Hudson has transformed into a vibrant cultural hub with shops and art galleries. The city is a destination for weekend getaways from New York City, known for its scenic beauty, vibrant arts scene, and diverse dining options. The property offers 1925 square feet of retail space.
Key Highlights
- Located in Hudson, New York, a vibrant cultural hub with shops, art galleries, and diverse dining.
- Conveniently situated: 120 miles north of New York City, 45 miles south of Albany, and 160 miles west of Boston.
- Popular weekend getaway destination due to scenic beauty and a vibrant arts scene.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,261
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,220
$405.2K
Cap Rate 7%
$289,443
$289.4K
Cap Rate 9%
$225,122
$225.1K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$32.3K $16.80/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$28.9K $15.04/SF
− OpEx
−$8.7K −$4.51/SF
NOI
$20.3K $10.53/SF
Area
Columbia County, NY
Vacancy
10.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,220
Cap Rate 7%
$289,443
Cap Rate 9%
$225,122
Alternative Uses
Best Use
Retail
$289.4K
$253.3K – $337.7K
NOI $20,261 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.7K – $555.6K
NOI $33,338 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
Business Placement
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Charming retail space in a vibrant cultural hub.
Where is this retail space located?
The property is located at 167 Union Turnpike Hudson, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Located in Hudson, New York, a vibrant cultural hub with shops, art galleries, and diverse dining.; Conveniently situated: 120 miles north of New York City, 45 miles south of Albany, and 160 miles west of Boston.; Popular weekend getaway destination due to scenic beauty and a vibrant arts scene.
