155 Vineyard AveHighland, NY 12528

Property Details for 155 Vineyard Ave

Year built

1926

Lot size

2.90 AC

Property size (Sq ft)

95,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional 95,000 square foot industrial property, located at 155 Vineyard Ave, Highland, NY 12528, presents a compelling redevelopment or operational opportunity. Situated on a 2.9-acre lot in Ulster County, this Class C property boasts two buildings, each two stories high, with a permitted LI zoning designation. Built in 1926 and renovated in 1968, the property features 4 loading docks and 4 dock-high doors, along with an impressive 18-foot ceiling height. Currently operating at 10% occupancy (as of March 31, 2023), this multi-tenant property offers significant upside potential. The asking price is $2,900,000, representing a price per square foot of $30.53 and a land value of $38 per square foot. The property is offered as a Net Lease and is owned by an LLC. Its prime location in a rapidly growing area makes it ideal for conversion to self-storage, residential, senior housing, or assisted living facilities. Alternatively, it can serve as a cost-effective warehouse and distribution center. This is a unique opportunity to acquire a substantial industrial property with significant redevelopment potential at an attractive price point and a 9% cap rate.

Location Insight

City

Highland

County

Ulster

State

New York

Latitude

41.714

Longitude

-73.9732

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