740 Broadway Ulster Park, NY 12487
- Investment properties
- 3,360 SF
- 3.20 lot acres
Current Use by Public Records
- Investment properties
Property Details for 740 Broadway
- Year built
- 1930
- Lot size
- 3.20 lot acres
- Property size
- 3,360 SF
- Zone code
- GC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 512200 64.3-6-6.400
- APU
- 51220064366400
Description
This exceptional 8-acre Ulster Park property offers a turnkey opportunity to own a renowned Hudson Valley winery. The 5,696 square foot estate includes three buildings: a historic 1890 structure housing a bar and event space, a charming three-bedroom, two-bathroom single-family home with a craft-style kitchen, granite countertops, and a Viking range, and an oversized barn converted into a wine tasting room. The property boasts a custom-made bar, a 36' x 40' deck with a pergola offering stunning mountain views, perfect for large gatherings. Additional features include paved parking, a drilled well serving both the house and winery, two 1000-gallon septic tanks, and a UV light system. The property is zoned GC and sits on four parcels along the highly visible 9W/Broadway, presenting significant upside potential. The assessed market value reflects all four parcels. This is a rare opportunity to acquire a well-established business with significant acreage in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $350,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $405,000
- Mixed-Use
- $425,000
- Hospitality
- $380,000
- Educational
- $305,000
- Residential Income
- $330,000
- Energy
- $385,000
- Income-Based Land
- $370,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Ulster Park
- County
- Ulster
- State
- New York
- Longitude
- -73.9709
- Latitude
- 41.8566
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA