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Enjoy the relaxing, scenic drive south from New Paltz or north from Route 84, to an investment gem with a myriad of development opportunities. Nestled along the Shawangunk Kill, the major tributary to the Wallkilll River, adjacent to the bustling hamlet of Pine Bush, this 11. 9 acre parcel has prime and significant highway frontage, water access and existing infrastructure. Situated in Ulster County at the border of Orange County, on a well-traveled State Route 52, whatever your business is, it will have plenty of visibility. Nearly 12 acres of gently sloping, partially cleared land with flexible RAG-2 zoning. Located just 90 minutes from NY City and positioned at the gateway between the Hudson Valley and The Catskills, this property offers the ideal setting for commercial, residential, or mixed use development. With great visibility and strategic value for investors, developers, or full time residence, this is a must see. The property includes a farmhouse built circa 1770. Foundation has recently been reinforced with 8x4 concrete and steel reinforcements. Inside renovations are incomplete and a clean slate for someone to remodel, to suit your needs as a home, rental, offices or project staging area. Additional improvements include a 37'x64' pole barn with utility connections (perfect for storage, workshops, events, or commercial retrofit) and a detached 21'x24' garage. Electric service is on site. Private well and septic are installed. Zoning allows for a wide range of uses in a community looking for a good fit for this prime location. The site sits just minutes from many wineries, trail systems, parks, and the popular Pine Bush UFO Fair - drawing both steady visitor traffic and a long-term economic upside. Minutes to Middletown, New Paltz, Gardiner, and the Shawangunks. Minutes from Angry Orchard, 20 miles from Lego Land. Easy ride to NY State Thruway, Stewart Airport, Newburgh-Beacon Bridge to Metro North Railroad. Take a look. See the potential. An investment with a lot of options to succeed with.
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $639,999 | $639,999 | $639,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.292% | 5.609% |
| Monthly Tax Payment | $440 | $440 | $440 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,634 | $3,889 | $5,187 |
| Total Monthly Payment | $4,166 | $4,421 | $5,719 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.