72-76 Main Street, Philipstown, New York 10516 (MLS# H6244463)

Commercial Sale listing in Putnam County


Listing IDH6244463
Sold For$1,750,000
StatusClosed
Sold Date11/01/2023
CountyPutnam
Property TypeCommercial Sale
Property Sub TypeMixed Use
A unique mixed-use building in the heart of Cold Spring. Only 1,500 feet to the Metro North station and the River Front; and under 1 mile to the trail heads for Little Stony Point and Breakneck Ridge. 72 Main: 750-800 SqFt storefront with large windows fronting Main St with adjacent garden area. 1-bedroom 2nd Fl apt is flooded with natural light, has village views, and a delightful back deck which overlooks the garden space. 76 Main: Anchored by highly acclaimed French restaurant, Le Bouchon. 2nd & 3rd floors are 900+ SqFt, renovated, two-bedroom apts with hard wood floors, tons of natural light, and views of Main St and the garden space below. Top floor even boasts river views! The large patio space is currently used for outdoor dining; potential to use the garden space in a similar manner. Perfect investment property or owner/operator scenario. Investor: opportunity to quickly realize an 8-10% CAP rate. Owner/operator use 72 Main retail space; and still capture a 6-8% CAP rate.

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