8-10 Park Pl - Specialty FOR SALE


Hudson, NY 12534
$1,350,000 USD
917-586-4849
8-10 Park Pl, Hudson, NY for Sale
$1,350,000 USD
Specialty - FOR SALE
1/29
null | Request Cap Rate

8-10 Park Pl
Hudson, NY 12534


HIGHLIGHTS

  • Unique historic renovation opportunity in a prime Hudson, NY location.

OVERVIEW

Unique historic renovation opportunity in a prime Hudson, NY location. The JW Edmonds Volunteer firehouse, which once housed the oldest Volunteer Fire Company in New York State, is ready for a visionary purchaser who can reimagine its use and pay due homage to its historical roots. Built in 1868, the Firehouse sits in an enviable position, overlooking the 7th Street Park in the heart of the fast growing ‘Depot District’. Neighboring businesses include coffee houses, restaurants, craft breweries, cocktail bars, and Warren’s Street’s amazing retail. Moreover, the district has recently been energized by the opening of the 46-room Pocketbook hotel, hospitality and retail complex, and the completion of the 64-unit Hudson Depot Lofts residential and commercial development. The park itself, has recently been awarded a grant to renovate it, further adding to the attraction of the location. This Hudson Historic District qualifies as an OPPORTUNITY ZONE and is eligible for FEDERAL AND NEW YORK STATE HISTORIC PRESERVATION TAX CREDITS. Being ZONED R-3, the Firehouse may be developed for commercial and/or residential usage, with flexibility to expand its existing footprint. This all-brick Firehouse sits on three combined parcels of desirable Hudson real estate, allowing for expansion and parking at the rear. There are 2 separate ground floor bays with 12-foot ceilings whose overhead doors open to a direct view of the park. Upstairs are two grand meeting rooms with 13-foot ceilings also framing a beautiful view of the 7th Street Park. To ascend to the second floor there are two original chestnut spiral staircases. Attached to the back of the Firehouse, there is a sizable wooden addition and a lot that can accommodate off street parking for four cars. This lot can be accessed via the Alley. The reinforced steel and concrete basement was built to accommodate the transition from the horse-drawn fire carriages to the heavy fire engines of the modern era. The basement, as such, lends itself to the structural integrity and development potential of the buildout above. This is the only remaining Two-Bay Firehouse in Hudson, offering close to 4000 sf to build in, plus floor expansion and roof rights. The basement provides additional square footage and was a social club back in the day. This Firehouse proudly represents Hudson's past, with a clean palette for the creative entrepreneur to reinvent timelessly into the future- nothing else compares to this golden opportunity in our happening city. Whether reimagined as retail, office, residential or restaurant, this proud building will be a key landmark as Hudson continues to set the bar for the future of the Hudson Valley!

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

8-10 Park Place

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R-3

APN/PARCEL ID

100600-110-053-0002-051-000-0000

ASK ABOUT THIS PROPERTY

Rudy HustonTri-Hudson Realty LLCMore Info
917-586-4849

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Rudy HustonTri-Hudson Realty LLCMore Info
917-586-4849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.