447 Main StCatskill, NY 12414

Property Details for 447 Main St

Year built

1930

Lot size

0.14 AC

Property size (Sq ft)

11,840 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Live-work space

APN

192601 156.70-2-19.2

APU

192601156702192

Description

This exceptional 11,840 square foot mixed-use property at 447 Main Street in Catskill, NY presents a unique investment opportunity. Situated on a 0.14-acre lot, this building offers unparalleled visibility and high traffic due to its prime location in the thriving village of Catskill. Its versatility allows for a wide range of uses, making it an ideal choice for a savvy investor. Imagine transforming this space into trendy lofts or stylish apartments, a boutique hotel, or a combination of ground-floor retail spaces, a restaurant, and/or a bar. The possibilities are truly limitless. The property's strategic location offers convenient access to the Catskill waterfront, just a block away. Furthermore, its proximity to popular destinations enhances its appeal. Within a 30-minute drive, you'll find the renowned Windham and Hunter Mountain ski resorts, the vibrant city of Albany, and the picturesque Berkshires. This prime location, combined with the substantial size and versatile nature of the building, makes this a truly exceptional investment opportunity in the heart of Catskill. The asking price is $625,000. Don't miss this chance to own a piece of Catskill's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,941,240

  6.5%

  $2,714,990

  7%

  $2,521,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,413

  Geo Method

  $1,547,014

• Alternative Use

  Use

  Valuation

  Residential

  $3,366,588

  Hospitality

  $3,083,776

  Educational

  $2,565,666

  Medical

  $2,653,903

  Retail

  $3,991,036

Location Insight

City

Catskill

County

Greene

State

New York

Latitude

42.2212

Longitude

-73.8667

Property Tax & Assessments

FAQs

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