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About the Listing HOULAW02 - 34936
Rare Mixed-Use Investment Opportunity in the Heart of Highland New York. Discover a unique income-producing property in the center of Highland's vibrant business district. This historic mixed-use complex consists of two attached buildings offering approximately 6,900 square feet of space with a blend of commercial and residential income streams. An exceptional opportunity to own a property with historic character, exposed brick, a creekside setting. The distinctive atmosphere combined with future upside in the Hudson Valley presents a investment opportunity rarely found in today's market. The property features two well established street-level commercial storefronts, three residential apartments above, and full basements below. Adding to its charm is a separate carriage house/barn situated along the scenic Twaalfskill Creek. All tenants pay their own electric, heat and hot water. The multiple revenue sources provide investors and owner-operators with strong cash-flow, opportunity to enhance the current revenue streams, and potential to create additional revenue streams, and long-term value. The underutilized basement and separate carriage offering exciting possibilities for retail, studio, event, café, gallery, or other creative and revenue-generating use. The building and property are well maintained. Recent improvements have included updates to major building systems, new gas hot water boilers-2024, new apt refrigerator – 2025, Refreshed apartment kitchen (new ceiling and new floor), and new roof with access hatch-2026. Priced at a 7-Cap, with a little effort it can be an 8-Cap; and more is possible! Conveniently located just minutes from the Mid-Hudson Bridge, Route 9W, SUNY New Paltz, and the Walkway Over the Hudson. This versatile property offers exceptional potential for investors, entrepreneurs, restaurateurs, and developers seeking a landmark location with multiple income opportunities.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: Back Yard,See Remarks,Waterfront,Stream,No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $12,720
- Taxes w/Assessments: N/A
- Tax/Property ID: 3200-088.069-0007-012.000-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
56-58 Vineyard Ave Highland, NY 12528
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