FOR SALE IN HUDSON NY A PRIME COMMERCIAL BUILDING

Friday, February 02, 2007

FOR SALE IN HUDSON NY A PRIME COMMERCIAL BUILDING

Thursday, January 18, 2007






PRIME COMMERCIAL BUILDING
IN THE HEART OF
HUDSON'S ANTIQUES DISTRICT


In the heart of Hudson, New York, with 70 antiques shops and many fine galleries and restaurants, an opportunity for investment in a large commercial space in the town center on the most travelled commercial block in Hudson, either to establish a new business or to continue a profitable high-rent producing existing antiques business.
Description
· Four-story fully renovated commercial building located at the center of Hudson’s antiques row 26 x 100 square feet. Brick and wood extension.
· 4200 square foot commercial space on two floors
· Two newly-renovated apartments ready for immediate owner occupancy or rental, for use as a duplex or individual floor-through apartments.
· A total of 7200 sq feet of usable and rentable space.
· Full basement and full finished attic bring the total space to nearly 10,000 sq/ft.
· New mechanicals and roof.
· No renovation necessary in this turnkey business.

Marketing Notes
Alain Pioton Antiques/The Hudson Antiques Center occupies one of the largest commercial spaces in the city at 4200 s/ft on the centrally located "500" block of Warren Street. Alain Pioton Antiques/The Hudson Antiques Center is Hudson’s oldest antiques shop and has been featured in numerous design and trade journals, and is a destination for retail and designer trade with well-advertised extensive national name recognition.
536 Warren Street offers a variety of owner/investor uses
1. for an owner-occupied two floor full-store gallery space with spacious duplex living quarters above the gallery.
2. for an owner who needs a smaller gallery supported by income from the existing ten dealer antiques center and use of one apartment for owner occupancy and of the second apartment for inome.
3. for an owner/investor who wants to maximize income through expansion of the Hudson Antiques Center from ten to twenty or more booths using the entire store and rental of two apartments .

Current Use
Two apartments: owner occupied
Front and second floor of store: owner occupied by Alain Pioton Antiques.
Middle and rear of Store: Hudson Antiques Center owned and operated by Alain Pioton Antiques

Income Current and Potential
Current income from 15 leased booths at $350-$400 each: $60,000 per year
Potential from conversion of current owner occupied second floor to additional antiques center rental booths at an average of $325 -$400: $20,000 per year
Potential rental of two owner occupied apartments: $20-24,000 per year


Building delivered vacant $695,000
Building with purchase of The Hudson Antiques Center asking $745,000 ( some owner financing possible).

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THE COMMERCIAL SPACES : 4000 plus square feet of gallery space on two floors

ALAIN PIOTON ANTIQUES : Front of shop and second floor gallery


Front gallery looking toward front display window






















Front gallery rear view


THE HUDSON ANTIQUES CENTER
Two large showrooms on the first floor make up the Hudson Antiques Center

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THE APARTMENTS
Located on the second and third floor with a finished 1000 sq/ft attic studio on the fourth floor and c
urrently owner-occupied as a ten room duplex with the attic studio on the fourth floor. The quarters can be immediately turned back into two separate apartments.

Apartment One offers a 16 x 24 sitting room /master bedroom, a 16 x 18 sitting room or dining room, off of which is a small study. The fully-equipped modern kitchen and large modern bathroom separate the rooms. This apartment includes a 25 x 30 foot roof deck .


Apartment One: DR, BR and deck



































Apartment two offers a large living room with a separate dining alcove and a second ensuite study, a smaller separate bedroom, and a small rear room suitable for a study or third small bedroom. A bath, large eat-in kitchen, and an outdoor deck complete the apartment.












Third floor living room


Fourth Floor completely insulated and finished 1000 s/ft attic studio.
CONTACT: Peggy Lampman Realty, Claverack NY. 518. 851. 2277