56-58 Vineyard Avenue, Highland, NY, 12528

56-58 Vineyard Avenue, Highland, NY, 12528

Rare Mixed-Use Investment Opportunity in the Heart of Highland New York. Discover a unique income-producing property in the center of Highland's vibrant business district. This historic mixed-use complex consists of two attached buildings offering approximately 6,900 square feet of space with a blend of commercial and residential income streams. An exceptional opportunity to own a property with historic character, exposed brick, a creekside setting. The distinctive atmosphere combined with future upside in the Hudson Valley presents a investment opportunity rarely found in today's market. The property features two well established street-level commercial storefronts, three residential apartments above, and full basements below. Adding to its charm is a separate carriage house/barn situated along the scenic Twaalfskill Creek. All tenants pay their own electric, heat and hot water. The multiple revenue sources provide investors and owner-operators with strong cash-flow, opportunity to enhance the current revenue streams, and potential to create additional revenue streams, and long-term value. The underutilized basement and separate carriage offering exciting possibilities for retail, studio, event, café, gallery, or other creative and revenue-generating use. The building and property are well maintained. Recent improvements have included updates to major building systems, new gas hot water boilers-2024, new apt refrigerator – 2025, Refreshed apartment kitchen (new ceiling and new floor), and new roof with access hatch-2026. Priced at a 7-Cap, with a little effort it can be an 8-Cap; and more is possible! Conveniently located just minutes from the Mid-Hudson Bridge, Route 9W, SUNY New Paltz, and the Walkway Over the Hudson. This versatile property offers exceptional potential for investors, entrepreneurs, restaurateurs, and developers seeking a landmark location with multiple income opportunities.


Status:

Active

Type:

Commercial

Heating:

Oil

Cooling:

None

Basement:

Unfinished, Walk-Out Access

Acreage:

0.17

Est. Taxes:

$12,720

Construction

Other

Utilities

Electricity Connected, Phone Connected, Sewer Connected, Water Connected

Lot Description:

Back Yard, See Remarks, Waterfront

Waterfront:

Yes

School District:

Highland

Days on Market:

6

MLS #:

990990


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Houlihan Lawrence Inc. 845-265-5500