Property summary
This exceptional investment opportunity in Palenville, NY, presents five buildings situated on a sprawling 9.3-acre lot. Built in 1950, this mixed-use property offers a unique blend of hospitality, multifamily, and retail potential. The property's prime location, just 10 miles from both the New York State Thruway and the renowned Hunter Mountain trails, provides unparalleled access and convenience. The picturesque setting along the Kaaterskill Creek adds to its inherent charm and appeal. With over 10 acres of land, this property presents a wealth of possibilities for expansion and development. The asking price is $2,900,000. This is a rare chance to acquire a substantial property with significant upside potential in a desirable location. The existing structures offer immediate income generation, while the expansive land provides ample room for future growth and diversification. Don't miss this chance to own a piece of the beautiful Catskill region. The property's proximity to major transportation routes and popular recreational areas ensures strong demand and long-term value. This is an ideal investment for those seeking a high-return property with significant development potential. The spectacular views and water access further enhance the property's desirability and market value.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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