801 Columbia St - Storefront Retail/Residential FOR SALE


Hudson, NY 12534
$495,000 USD
801 Columbia St, Hudson, NY for Sale
$495,000 USD
Storefront Retail/Residential - FOR SALE
1/42
null | Request Cap Rate

801 Columbia St
Hudson, NY 12534


HIGHLIGHTS

  • Very High Traffic Location - Corner Building
  • Across from Cafe Mutton, Near Li'l Deb's Oasis, Upper Depot and Return Breweries.
  • Previously was Two Separate Storefronts. The Separate Entrances Remain Intact
  • Possibility to Convert Garage to Additional Retail
  • Previously Two Apartments on 2nd Floor - One Intact, the other currently converted to storage

OVERVIEW

This legendary 4553 SF Hudson property (formerly Niver's Music Store) is ready for the build out of a visionary investor. The desirable, high-traffic corner location is just steps away from Warren Street and adjacent to the Depot District. This property holds great potential for a new owner/developer. High-traffic corner location at Columbia Street (Route 23B) and 8th Street. Storefronts have 32' of frontage on Columbia Street and 42' on 8th Street. The large open storefront was once two storefronts. The separate entrances are still intact. Rent the storefront as one or two units. The attached garage, which faces Columbia Street and the workshop behind it, could be another rentable commercial unit. There are two residential units on the second floor (one currently only used as storage). There are also two 3rd-Floor attics that could be used for additional storage, or finished as a media room or home office. Current commercial and retail space total is 4553 square feet (422.99 m). If you finish the attics it brings the total square footage to a whopping 6830 square feet (634.53 m) of useable space. There were at one time, two distinct residential apartments on the second floor. One is mostly intact with living room, den, two bedrooms, large kitchen, bathroom with screened side porch off the kitchen. A second apartment was converted to extra storage, with an inventive hand powered parcel lift to the unit. There are a great deal of original details throughout both residential units (see photos). Currently, there is only pull-down stair access to the second residential unit (now storage). This property is in the Hudson Opportunity Zone, which could be of great benefit to a user/developer who uses capital gains for the purchase and renovation of this property (speak to your financial advisor to understand the full financial benefits that could be realized under the Opportunity Zone). The property sits in the R-5 district, which is a residential district allowing one or two family residences. But commercial use of this property goes back more than 100 years and is grandfathered. Depending on what you wish to do here, the listing agent will help provide assistance in applying for and getting a variance (if one is needed). Due to its long commercial history and location since it is the first property inside the residential district, just one property outside the main commercial district. This should help any zoning consideration. Speak with agent Victor Mendolia for more information about the zoning. The building is directly across the street from Cafe Mutton, and close to hot spots Lil' Deb's Oasis, Return Brewing, Upper Depot Brewing and Isaan Thai. Don't miss this exciting opportunity to acquire one of the few remaining buildings in downtown Hudson!

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Corner of Columbia and 8th Streets

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R5

APN/PARCEL ID

100600-110-062-0001-013-000-0000,100600-110-062-0001-014-000-0000,100600-110-062-0001-015-000-0000

ASK ABOUT THIS PROPERTY

Victor MendoliaTKG Real Estate - HudsonMore Info

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Victor MendoliaTKG Real Estate - HudsonMore Info

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