43355 State Route 28, Arkville, NY 12406
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 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.
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Risks
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