Historic Four-Level Temple
220 Main St Saugerties, NY 12477
220 Main St, Saugerties, NY, 12477
$1,699,000
For Sale
$1,699,000
Built in 1930, this four-level property includes a third-floor ballroom and multiple income-producing creative spaces.
Property Size10,000 SF
Price / SF$169.90
Days on Market75
Property Features for 220 Main St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
(845) 853-4188
Listed by
Kristabelle McDermott
(845) 853-4188
Source
Elliman
Added: May 9 Updated: Jul 20 at 6:33PM Checked: Jul 22 at 10:04AM
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 Kristabelle McDermott
Investment Insights
Based on property information with market context.
Built in 1930, this historic Odd Fellows Temple has more than 10,000 square feet of character-filled space across four distinctive levels. The third-floor ballroom is the crown feature, offering a large, light-filled room with soaring ceilings and oversized windows. The first floor, spanning over 4,000 square feet, is currently operated as an antique store. The second floor is configured as art studios and is described as flexible for conversion back to residential apartments.
Located at 220 Main St in the center of Saugerties, the building’s design includes massive 8-foot windows throughout, bringing natural light to each level. WalkScore is 26 (car-dependent), and BikeScore is 24 (somewhat bikeable).
The existing multi-level layout, prominent ballroom space, and current retail and creative use make this property well-suited for buyers seeking a single asset with multiple functional spaces inside one historic structure.
Located at 220 Main St in the center of Saugerties, the building’s design includes massive 8-foot windows throughout, bringing natural light to each level. WalkScore is 26 (car-dependent), and BikeScore is 24 (somewhat bikeable).
The existing multi-level layout, prominent ballroom space, and current retail and creative use make this property well-suited for buyers seeking a single asset with multiple functional spaces inside one historic structure.
Key Highlights
- Built in 1930 as an Odd Fellows Temple, offering over 10,000 SF across four levels.
- Third‑floor ballroom features soaring ceilings and oversized windows for a light‑filled event space.
- First floor (~4,000+ SF) is currently operating as an antique store.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $18.00 |
| − Vacancy | −$9.9k | −$0.99 |
| EGI | $170.1k | $17.01 |
| − OpEx | −$51.0k | −$5.10 |
| NOI | $119.1k | $11.91 |
10,000 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.27M
NOI $196,425 @ 7.0% cap · market cap 11.56%
Second Best
Retail
$1.70M
$1.49M – $1.98M
NOI $119,070 @ 7.0% cap · market cap 7.01%
Theoretical Best
Multifamily LT 5
$93.52M
$81.83M – $109.10M
NOI $6,546,234 @ 7.0% cap · market cap 385.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kevin Craig Services
Home Decor Store
Thee BEST’ ‘Antiques’
Home Decor Store
Saugerties Antiques Center
Home Decor Store
Sac
Home Decor Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Built in 1930, this four-level property includes a third-floor ballroom and multiple income-producing creative spaces.
Where is this retail space located?
The property is located at 220 Main St Saugerties, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Built in 1930 as an Odd Fellows Temple, offering over 10,000 SF across four levels.; Third‑floor ballroom features soaring ceilings and oversized windows for a light‑filled event space.; First floor (~4,000+ SF) is currently operating as an antique store.
