6061 Main StTannersville, NY 12485

Property Details for 6061 Main St

Year built

1954

Lot size

0.23 AC

Property size (Sq ft)

2,688 SF

Zone code

01 - NOT ZONED

Property type

Office buildings

APN

193603 182.05-2-1

APU

1936031820521

Description

This exceptional 5,600 sq ft, two-story building in Tannersville, NY, presents a unique investment opportunity. Located on a 0.25-acre lot at a prime Main Street corner, this fully renovated (2019) property boasts high visibility and ample on and off-street parking. The building, constructed in 1954, features a mix of commercial and residential spaces, perfect for a variety of uses. The main floor offers versatile space ideal for retail, a restaurant, or a cafe, complemented by an outdoor back deck with expansion potential. Upstairs, find fully renovated spaces with a kitchen and multiple bathrooms, suitable for additional retail, a cafe, or even residential units. The lower level includes a renovated office or living space with two bedrooms and one bathroom, perfect for staff housing or rental income. With its vaulted ceilings, exposed beams, hardwood floors, and brand new windows and doors, this property captures the quintessential Catskills charm. Its multi-use zoning allows for creative adaptation, potentially including a rooftop bar or restaurant with stunning views. Situated just minutes from Hunter Mountain and a 2.5-hour drive from New York City, this property benefits from the growing popularity of the Catskills region. The asking price is $1,100,000. Three keys are included.

• CAP approach

  CAP return

  Valuation

  6%

  $667,741

  6.5%

  $616,376

  7%

  $572,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,575

  Geo Method

  $351,214

• Alternative Use

  Use

  Valuation

  Residential

  $764,306

  Hospitality

  $700,101

  Educational

  $582,476

  Medical

  $602,508

  Retail

  $906,073

Location Insight

City

Tannersville

County

Greene

State

New York

Latitude

42.1955

Longitude

-74.1357

Property Tax & Assessments

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