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    OFF-MARKET
    Commercial real estate

    64 White Dr, Milan, NY 12571

    22,384 SF 216.7 ac lot Built 1928
    Property ID
    US63-1536114
    Property summary
    AI-generated overview

    Nestled in Milan, NY, this exceptional 216-acre property presents a unique investment opportunity. Currently operating as a non-profit retreat, "Mirror Lake Retreat," this expansive site offers a diverse range of accommodations, catering to various needs. Guests can choose from vacation homes, cottages, individual rooms, and RV sites, all situated within a tranquil, rustic setting. The property boasts an approximate 18-acre lake, ideal for swimming and boating, and extensive hiking trails throughout the 216 acres. Outdoor activities are included in the fee, with optional add-ons such as golf cart rentals and rock wall access. The main facility features a newly renovated kitchen and dining room capable of accommodating large groups, along with a sizable presentation/conference room with a 300-person seating capacity. Conveniently located just two hours from New York City and fifteen minutes from Rhinebeck's town center, this property offers easy access to both urban amenities and the natural beauty of the Hudson Valley. The property's heating system utilizes oil. This remarkable estate presents a compelling opportunity for a variety of uses, from a continuing retreat operation to a luxury resort or conference center. The substantial acreage and diverse amenities provide a unique and highly desirable location. The asking price is $11,000,000. The total square footage of the buildings is 22,384 square feet.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1928
    Total area 22,384 SF
    Lot 216.7 ac (9,439,452 SF)
    UPID US63-1536114
    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
    Current use
    Occupant on record · Public records
    • Mirror Lake Retreat Campground & RV Park
    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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