574 Route 32A Palenville, NY 12463

This exceptional 5.97-acre property in Palenville, NY, presents a unique redevelopment opportunity. The site comprises three contiguous parcels along the scenic Kauterskill Creek, offering significant frontage on Route 32A. The property includes a 5,980 square foot former hotel (built in 1946) requiring complete rehabilitation or demolition and replacement. A second parcel features a three-bedroom cabin and the remnants of a filled-in swimming pool. The third parcel contains eleven guest cabins in varying states of repair, arranged around a large open area. This prime location offers the potential to capitalize on the growing boutique hotel market in New York's Hudson Valley or create a thriving rental community. The property's proximity to the Kauterskill Creek allows for the possibility of creating direct water access. Its advantageous location near Windham, Belleayre, and Hunter Mountains provides easy access to skiing, hiking, and other outdoor activities. Furthermore, the property is conveniently situated near restaurants, amenities, and the HITS Horse Show grounds, with a short drive to Saugerties, Woodstock, and Kingston. This waterfront property with Route 32A road frontage presents an unparalleled investment opportunity. The asking price is $899,000.