785 Main Street, Margaretville, NY 12455 | 130798 | HUNT Real Estate

785 Main Street $610,000

    Close

    785 Main Street Margaretville, NY 12455

    Closed
    SOLD 11/4/2021

    $610,000

    Market Estimate
    • 13,653 sq. ft.
    • 0.35 Acres
    • Commercial
    • MLS# 130798
    Favorite Share
    Views: 22

    Property Details

    *** 3D TOUR AVAILABLE *** THE COMMONS BUILDING . . . an outstanding 14,000 +/- sq. ft. commercial investment opportunity located in the destination town of MARGARETVILLE, in the Heart of the CATSKILLS . . . features 11 commercial rentaL units, 1 restaurant, plus . . . an additional 3rd floor space of unfinished 4000 +/- sq. ft. possibilities. Current gross ANNUAL INCOME is $70K, with approximately $38K of expenses --- current NET INCOME is approximately $32K/year. Of note for the history enthusiast, this distinctive building enjoys a NOTEWORTHY LEGACY . . . starting as 2 separate buildings around 1850. One was an ODDFELLOWS LODGE . . . the other a DRY GOODS and GROCERIES STORE run by George G. Decker. In 1940's, the two structures were connected to become a GENERAL STORE. Location - Location - Location! Just off The CATSKILL Mountains SCENIC BYWAY, in the noteworthy and charming village of Margaretville, THE COMMONS is just minutes to all the major tourist destinations: BELLEAYRE and PLATTEKILL Ski Centers, the Pepacton Reservoir, the Round Barn FARMERS' MARKET and the Hanah and Shepard Hill golf courses. Get in on the current Catskill renaissance: The CATSKILL MOUNTAINS, just listed as one of the top 11 global'' destinations by AirBnB for 2019!!

    • General Features
      • Assessment 466900.00
      • Association Otsego-Delaware
      • Current Use multiple use..restaurant and 11 rentals
      • Est Gross Income 70512.00
      • Est Net Expense 38172.00
      • Property Subtype 1 Commercial
      • Year Built 1850
      • Zoning Commercial
    • Building Features
      • Construction Frame, Post-Beam
      • Electric Circuit Breakers, NYSEG
      • Elevator No
      • Floors Wood,Other
      • Foundation Stone
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Heat Cool Types Baseboard Heat, Hot Water Heat, Oil Heating, Space Heater
      • Quarter Bathrooms 0
      • Roof Composition, Flat
      • Three Quarter Bathrooms 0
    • Property Features
      • Acres 0.3500
      • Docks No
      • Lot Dimensions .35 acres
      • Lot Measurement Acres
      • Lot Size Source (Estimated)
      • Lot Square Footage 15246.00
      • Parking 3 to 5 places +municipal parking
      • Sewer Public Sewer
      • Water Public

    Neighborhood

    12455 (Margaretville) Demographics

    57 Median Age
    23 Population Density (per sq. mile)
    39% College Educated
    $55,402 Estimated Median Income
    638 Estimated Total Home Owners
    177 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    1,755 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $500,000 Median Sales Price
    5 Homes Sold
    3 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        11/4/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $610,000

        About

        HUNT Mortgage

        HUNT Mortgage Lending Partner

        At HUNT Mortgage, we pride ourselves on providing superior customer service and creating satisfied customers. From mortgage processing and underwriting to loan closing and funding, our expert Mortgage Consultants will efficiently expedite your entire mortgage transaction and keep you informed every step of the way. We’re committed to building rewarding, long-term customer relationships.

        HUNT Mortgage Corporation NMLS #37405 - Mortgage Banker License #B500142 - New York State Department of Financial Services  

        Ostego-Delaware MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.