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3953-3955 Route 209 offers a rare mixed-use / investment opportunity in the hamlet of Stone Ridge. The circa-1795 stone Colonial (approx. 2, 464 sq ft) plus a 2-story barn of about 1, 800-2, 200 sq ft create multiple income streams: live/work, professional offices, studio, retail or boutique hospitality, subject to Town approvals. The barn is currently configured with a retail/antique space on the main level and a music/creative studio above. High-visibility Route 209 frontage with easy access to Kingston, New Paltz and the Rondout Valley, close to destination dining, inns and outdoor recreation. Buyers to verify square footage, zoning and permitted uses with Town of Marbletown.
A Mixed-Use Stone Compound in the Heart of the Hudson Valley!
Historic mixed-use compound in the Stone Ridge hamlet consisting of a c. 1795 stone Colonial (approx. 2, 464 sq ft, buyer to verify) plus a 2-story barn estimated at 1, 800-2, 200 sq ft. Barn currently used as retail/antique shop on the lower level and a music/creative studio above, offering immediate or near-term income potential and strong upside with repositioning. Excellent exposure on Route 209 corridor between Kingston and the Rondout Valley's destination farm-to-table restaurants, inns and outdoor attractions.
Ideal for investor seeking multiple revenue streams: possible live/work, professional offices, wellness/creative uses, retail, or small-scale hospitality, subject to Town of Marbletown zoning and approvals. Buyers/agents must verify: all square footage, current Certificates of Occupancy, permitted uses, any site plan/parking requirements, and status of utilities, septic/well and fire/safety features. Do not rely on public record alone. Showings by appointment only; please do not walk property or disturb occupants or business without confirmed appointment.
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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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 | $399,200 | $399,200 | $399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | $2,027 | $2,027 | $2,027 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,330 | $2,426 | $3,235 |
| Total Monthly Payment | $4,432 | $4,528 | $5,337 |
* 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.