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Listing provided courtesy of HOULIHAN LAWRENCE INC. GA - MLS#418374MLS Provider

129131 MAINCOLD SPRING, NY 10516

Commercial · 3,828 Sq. ft.

$1,950,000 Active

Overview

Time on Site:
61 days

This property has it all: For the investor (6.4% Cap); For the owner operator the commercial space is zoned as full-service restaurant, is turn key, and ready to welcome your guests for a cup of coffee or a complete meal. Sunlight dances across the front porch, fills the dining room, and the apartments above. Caf guests line the sidewalk to enjoy a good meal, wonderful service, and friendship which has made this property a mainstay and center of hospitality for Cold Spring for decades. The restaurant seats about 70 and has been a successful restaurant location in the Village of Cold Spring for over 60 years and a multitude of owners and proprietors. The two fully renovated apartments above, have fabulous views of main street and the village. The properties highly desirable location on Main Street, nestled in the heart of the Village, just a couple blocks to Metro North, and a short distance to many desirable hiking trails is restauranteurs dream and makes the apartments easy to rent.

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Facts & Features

  • Type Commercial
  • Sq. ft. 3,828
  • Price/Sq.ft. $509

General

School Information
  • School District: Haldane Central
  • Elementary School: Haldane Elem
  • High School: Haldane Junior-Senior HS
Listing Information
  • Foreclosure: No
  • Short Sale: No
  • Status Detail: 0
Building Information
  • Year Built: 1920
Business Information
  • Business Included: No
  • Current Use: BAR RESTAURANT
Location/Region
  • County Or Parish: Putnam County
  • LOCATION: Downtown,Historic Area
  • MLS Area Major: PUTNAM COUNTY
  • Postal City: COLD SPRING
  • Township: Cold Spring
Rent/Lease Information
  • Sale/Rent: For Sale
Tax Information
  • Tax Annual Amount: $14,393.00
  • Tax Year: 2023
General Information
  • Property Sub Type: Apartment
  • Property Type: COMMERCIAL/INDUSTRIAL
  • Sub Type: Apartment

Interior

Building Information
  • Retail Sq Feet: 2829
General Information
  • Cooling: Wall Unit(s)
  • Heating: Baseboards, Hot Water, Oil, Radiators
  • Living Area: 3828
  • Living Area Source: Public Records
  • Stories: 2

Exterior

Parking Information
  • Parking Features: Street
Lot Information
  • Water Source: City Sewer, City Water
Building Exterior/Construction
  • CONSTRUCTION: Frame
  • Roof: Asphalt Shingles
General Information
  • Road Frontage Type: City Street

Monthly Cost

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* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,057,335
Median Sales Price
$402
Median Price per Square Foot
10
Properties Sold
3
New on Market
111
Average Days on Market
20
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
9/28/2023Source: Mid-Hudson MLS Added to Database
September 28, 2023
William (Bill) Pugh
Listing Agent