Canal St Ellenville, NY 12428

Property Details for Canal St

Year built

1930

Lot size

0.06 lot acres

Property size

2,209 SF

Property type

Commercial real estate

Description

This unique commercial property at 115-117 Canal Street in Ellenville, NY, presents a compelling investment opportunity. The 2,209 square foot building sits on a 0.06-acre lot and offers two distinct commercial spaces under one roof. The first space, approximately 715 square feet, is a renovated bar area featuring a new hot water heater, heat pump, and grease trap. Already equipped with framed-out window boxes for seating, this space is a blank canvas ideal for a variety of uses, including a cocktail bar, coffee shop, or retail store. The adjacent 1,486 square foot space is currently leased to Sammy Brown's Walk Away Cafe, a restaurant and catering kitchen, with a lease extending to December 2025. This larger space is divided into a storefront and a substantial prep and storage area. This provides the potential for continued rental income or redevelopment into a full-service restaurant, catering hall, or other commercial venture. Located on Canal Street, the property benefits from Ellenville's revitalization and proximity to thriving Ulster County communities. The area is experiencing significant growth, fueled by new residents, second homeowners, and investors, as evidenced by recent successes like the Morning Sunshine Market and Love Velma. Furthermore, major economic developments, including the Cresco Labs Cannabis facility and the Nevele Grand Resort renewal, are poised to further boost the local economy. The asking price is $299,000, and owner financing is available. Please note that restaurant equipment within Sammy Brown's Walk Away Cafe is not included in the sale.