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$ 2,000,000
Est. payment | /mo
8 Beds
4.5 Baths
5,456 SqFt
$ 2,000,000
Est. payment | /mo
8 Beds
4.5 Baths
5,456 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,456 sqft
Price per Sqft $366
Bedrooms 8
Full Baths 4
Half Baths 1
Lot Size 1 Sqft
Property Description
Live in history and enjoy superb cash flow: a sterling short-term rental investment with a pedigree -- a restored turn-of-the-century vaudeville house and movie theater, and later a firehouse -- in the center of Upstate's premier ski town, Windham. With an annual projected income headed toward $200,000 and expenses under control. You can live in one or two of four choices and just rake the money in. And if not a short-term rental use, the building lends itself to a myriad of other possibilities, including offices, retail, or art use. How many investment properties can you think of with this kind of restored history in it, including its own proscenium stage, which beats most screening rooms? The current owner has taken great pains (and expense) to lovingly restore the original details, including the 15-foot high pressed tin ceiling in the old-theater great room. The chef's kitchen there includes a long bar with beer taps and a wine cooler for viewing enjoyment. Currently configured as two separate apartments that can also convert to three simply by closing doors; and offices that can also convert to apartment use with the easy addition of a shower and a small kitchen. The flexibility is wonderful and the list of improvements and restoration is long and available to you. Add it all together -- the location, the history, the monetary return, and the easy maintenance -- and you have an investment offering -- or a place to call home -- that's hard to resist.
Location
State NY
County Greene
Interior
Heating Ductless Mini Split Sys
Cooling Ductless Split Ac Units
Flooring Wood
Building
Story 2
Listed by Jason Dugo • Dugo Realty
Nearby Locations
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