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Located in the heart of Saugerties' vibrant and walkable village, 230 Partition Street presents a prime mixed-use opportunity on a highly visible corner lot. This property features a bright commercial storefront with expansive wraparound windows, offering excellent exposure and natural light, along with a spacious two-bedroom apartment above. The building is currently under renovation, providing a unique opportunity for a buyer or tenant to step into a refreshed space. The foundation has been fully rebuilt to code, and the property features brand new electrical service, including a 200-amp service along with two additional 100-amp panels, offering flexibility for a variety of commercial and residential needs. The flexible layout of the commercial area makes it ideal for retail, office, studio, or service-based businesses, while the residential unit offers the option for owner-occupancy or additional rental income. The property also benefits from off-street parking, a rare and valuable feature within the village, adding convenience for both business owners and customers. Offered as-is or with the option to build-to-suit at an adjusted price, this is an excellent opportunity to tailor the space to your specific needs while capitalizing on an already strong location and upgraded infrastructure. Positioned just steps from popular restaurants, cafes, boutique shops, and local attractions, the property is surrounded by steady foot traffic and year-round activity. Nearby amenities include Cantine Field, the Saugerties Lighthouse, HITS Equestrian Facility, local theaters, fine dining, shopping, and the Hudson River waterfront, along with a variety of community events and festivals that draw both locals and visitors alike. With easy access to Route 9W, Route 32, and the New York State Thruway, this location offers both convenience and visibility, making it an ideal setting for a thriving business and a smart investment in the heart of the Hudson Valley.
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Our Executive Mortgage Banker:
$600,000
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 | $480,000 | $480,000 | $480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $583 | $583 | $583 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,839 | $2,955 | $3,890 |
| Total Monthly Payment | $3,514 | $3,630 | $4,565 |
* 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.