875 Route 23A Catskill, NY 12414
This exceptional 18.76-acre Catskill Mountains property presents a unique redevelopment opportunity. Located just off Exit 21 of Route 23A in Catskill, NY, this expansive site offers 817,186 square feet of land with 250 feet of Catskill Creek frontage. The property includes seventeen existing cabins, a single-family home, and a four-family dwelling, along with two garages. Municipal water and sewer are already installed, simplifying the development process. Detailed survey work and cabin blueprints are complete, streamlining construction planning. Previous zoning approval exists for a total of 31 cabins, offering significant expansion potential. A comprehensive business plan and engineered drawings are included, providing a solid foundation for future development. The property's prime location offers easy access to nearby towns: 10 minutes to the City of Hudson, 15 minutes to Saugerties, and 20 minutes to Windham Mountain. This turnkey investment is ideal for a variety of uses, including a retreat center, restaurant/bar, spa, wedding venue, Airbnb rentals, or a boutique lodging destination. With its stunning mountain views and creek frontage, this property offers significant earning potential, making it an exceptional investment opportunity. Priced at $1,250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.