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875 Route 23A Catskill, NY 12414

OFF-MARKET Commercial real estate Google Maps
817,186 SF 18.76 ac lot Built 1960
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1960
Total area 817,186 SF
Lot 18.76 ac (817,186 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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