Retail Space in Hudson,
167 Union Turnpike Hudson, NY 12534
167 Union Turnpike, Hudson, NY, 12534
Contact for pricing
For Sale
Contact for pricing
Charming retail space in a vibrant cultural hub.
Property Size1,925 SF
Price / SF$220.78
Days on Market778
Property Features for 167 Union Turnpike
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- Retail
Listing Agency
CR Properties Group LLC
(845) 485-3100
Listed by
Thomas Cervone · License #NY 49CE0922865
Source
Crexi
Added: Jun 3, 2024 Updated: Jul 6 at 8:25 am Checked: Jul 20 at 5:54 am
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
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.
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 | $32.3k | $16.80 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $28.9k | $15.04 |
| − OpEx | −$8.7k | −$4.51 |
| NOI | $20.3k | $10.53 |
1,925 SF · lease $16.80/SF/yr · vacancy 10.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
