Turn-Key Mixed-Use Hudson
508 Warren Street Hudson, NY 12534
508 Warren Street, Hudson, NY, 12534
$1,495,000
For Sale
$1,495,000
Fully renovated mixed-use property on Hudson's main street.
Property Size3,936 SF
Price / SF$379.83
Days on Market99
Property Features for 508 Warren Street
General Information
- Standard status
- Active
- Size
- 3,936 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1860
Listing agency
COMPASS GREATER NY LLC
(518) 291-8842
Listed by
STEVEN DILORENZO
Source
Corcoran
Added: Apr 15 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 1:47PM
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 COMPASS GREATER NY LLC
Investment Insights
Based on property information with market context.
This 3,936-square-foot mixed-use property is located on the 500 block of Warren Street in Hudson, NY. The building, which was gut-renovated in 2022, features a storefront, a rear office space, and two residential apartments. The retail storefront includes hardwood floors, oversized windows, and a half bath. Behind the storefront is a private office. The second floor features a two-bedroom, one-bath apartment with a modern kitchen equipped with stainless steel appliances, a refreshed bathroom, and hardwood floors. The third floor includes a one-bedroom, one-bath apartment with an updated kitchen and a spacious layout. Each unit has private outdoor space. Private parking is available in the rear, accessible via Prison Alley. The property is a short walk to the Hudson Amtrak Station. The property is fully leased, and financials are available upon request.
Key Highlights
- Prime location on the coveted 500 block of Warren Street, Hudson's main street, known for high foot traffic, shops, and restaurants.
- Fully turn‑key, gut‑renovated in 2022, mixed‑use property with strong income potential.
- Includes a premium retail storefront, rear office space, and two updated residential apartments.
Local Financial Insights For Office B
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 | $85.0k | $21.60 |
| − Vacancy | −$18.7k | −$4.75 |
| EGI | $66.3k | $16.85 |
| − OpEx | −$16.6k | −$4.21 |
| NOI | $49.7k | $12.64 |
3,936 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$710.5K
$621.7K – $828.9K
NOI $49,735 @ 7.0% cap · market cap 3.33%
Second Best
Retail
$591.8K
$517.8K – $690.5K
NOI $41,427 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$973.8K
$852.1K – $1.14M
NOI $68,165 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Loup
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully renovated mixed-use property on Hudson's main street.
Where is this mixed-use property located?
The property is located at 508 Warren Street Hudson, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime location on the coveted 500 block of Warren Street, Hudson's main street, known for high foot traffic, shops, and restaurants.; Fully turn‑key, gut‑renovated in 2022, mixed‑use property with strong income potential.; Includes a premium retail storefront, rear office space, and two updated residential apartments.
