747 Warren St - Medical FOR SALE


Hudson, NY 12534
$3,400,000 USD
518-530-6417
747 Warren St, Hudson, NY for Sale
$3,400,000 USD
Medical - FOR SALE
1/26
null | 2.38% Cap Rate

747 Warren St
Hudson, NY 12534


HIGHLIGHTS

  • One of the largest parcels on Warren Street - Nearly one acre.
  • Building Lot could support much greater density
  • Zoning District allows for 4-Story structures
  • Currently configured with parking for 50+ vehicles
  • Mixed-use residential/Commercial is permitted

OVERVIEW

Offering a truly once-in-a-lifetime opportunity to own one of the largest, most important, lynchpin commercial properties in Hudson NY. The possibility of directing the repurposing or redevelopment of this city's key property is incredibly exciting and full of possibilities. We know of no other property on Warren Street (Hudson's Main Street) of this size, with this amount of street frontage. The property comprises nearly an acre (0.96) and the structure is 10,080 square feet on the ground floor with an additional 10,080 in the mostly finished basement for over 20,000 sq ft of usable, rentable space. Originally built as a supermarket, the masonry structure can be repurposed for almost any use. and with 200 feet of street footage on Warren Street, everyone will know where to find you or your tenants. Perhaps it is time to re-think how this property may be utilized. It sits in the Central Commercial Zoning District which allows for buildings of four stories or 45 feet tall as of right, and the CC district also has more relaxed requirements pertaining to set-backs and bulk restrictions than most of the other districts in the city. Hudson's Planning Board and Zoning Board of Appeals have shown an openness to permitting greater density and more creative uses of its limited space and structures. Currently, the property has parking surrounding it on two sides and at the rear of the building. Eliminating all or some of the current surface parking could free up all of the space surrounding the existing structure for smart new development which might include new retail and commercial spaces. Perhaps surface parking could be moved at least partially underground into the massive basement and under the current parking areas. Above the commercial development housing could be built for residents of many income brackets with State and Federal funds available for the creation of new mixed-use and mixed-income housing which could be an example of new, smart, green development.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

2.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

CC- Central Commercial

APN/PARCEL ID

100600-110-061-0001-025-000-0000

ASK ABOUT THIS PROPERTY

Victor MendoliaTKG Real Estate - HudsonMore Info
518-530-6417

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Victor MendoliaTKG Real Estate - HudsonMore Info
518-530-6417

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.