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    OFF-MARKET
    Office Spaces

    43355 State Route 28, Arkville, NY 12406

    10,544 SF 1 ac lot Built 1701
    Property ID
    US63-4371479
    Property summary
    AI-generated overview

    This stunning historic building, situated on a prominent corner lot in the heart of Arkville, NY, presents a unique investment opportunity. Boasting nearly 10,544 square feet across three levels, this property sits on just over an acre of land and offers endless potential. A portion of the structure dates back to the 1700s, with subsequent additions and renovations throughout the 1900s. Its past uses include a tavern, boarding house, and apartments, most recently serving as the home of the Catskill Center for Conservation and Development. The building is zoned BC (Business Commercial), allowing for a wide range of uses. The first and second floors currently feature a welcoming lobby, a dining hall with a kitchen, several well-appointed offices, a filing/storage room, and restrooms. The third floor, filled with natural light, includes several large spaces and a partially unfinished section with potential for four additional rooms. Elegant details throughout include beautiful molding and wide-plank wood flooring. The property's prime location offers easy access to the Delaware and Ulster Railroad, local shops, a distillery, eateries, and the Village of Margaretville (just one mile west), which provides additional amenities. Belleayre Ski Lodge is a convenient ten-minute drive away. Municipal water and sewer services are available. A significant advantage is the approximately 650-square-foot detached outbuilding, equipped with electricity, plumbing, and a solar panel array that contributes to the property's energy efficiency. This exceptional property is ready for its next chapter.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1701
    Total area 10,544 SF
    Lot 1 ac (43,560 SF)
    UPID US63-4371479
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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