3197 State Route 28, Olive (Shokan), NY, 12481 | $689,000

Situated on 1. 1 acres along the highly traveled Route 28 corridor, this distinctive commercial property offers strong visibility and a flexible, purpose-built layout. Originally constructed as a 1925 residence and expanded over time, the building now functions as an approximately 5, 548-square-foot veterinary hospital with a welcoming reception area, exam and treatment rooms, offices, grooming space, indoor boarding kennels, laundry facilities, and a finished lower level. The sale includes the real estate only. The current owner/operator of the established on-site veterinary practice is open to negotiating a leaseback, creating the potential for immediate income for an investor or added flexibility for a future owner-user. The existing configuration is well suited for continued veterinary use, boarding, training, and kennel operations. BH 1/2 Business Highway zoning offers broad potential for a range of permitted commercial uses, including veterinary and animal care services, professional or medical offices, restaurants, cafe, boutique lodging, wellness concepts, and other ventures subject to required approvals. With its adaptable floor plan and existing infrastructure, the property is equally compelling for continued specialized use or future repositioning. Located less than one mile from the Ashokan Reservoir and minutes from the Ashokan Rail Trail, the property sits within one of the Hudson Valley’s most active recreation and tourism corridors. Steady year-round traffic from Kingston, Woodstock, Phoenicia, and Belleayre Mountain enhances visibility and supports long-term commercial demand.

Features

  • Town: Olive
  • Property Type: Business
  • Construction: Frame
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Levels: 2
  • Heating: Baseboard
  • Cooling: Central Air
  • Year Built: 1925
  • Acreage: 1.1
  • Est. Taxes: $6,137
  • Elem. School: Reginald Bennett Elementary School
  • Middle School: Onteora Middle School
  • High School: Onteora High School
  • School District: Onteora
  • MLS#: 1018633
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1018633/3197stateroute28_olive_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keller Williams Hudson Valley   Phone: 845-610-6065

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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3197 State Route 28, Olive (Shokan), NY, 12481

$689,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $551,200 $551,200 $551,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.972%
Monthly Tax Payment $511 $511 $511
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,349 $3,480 $4,577
Total Monthly Payment $3,952 $4,083 $5,180

* 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.