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2352 - 2354 State Route 66, Ghent, NY 12075

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For Sale

$875,000

2 baths • 5,089 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $171.94
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Rare Income-Generating Opportunity in Historic Ghent, NY! Seize this exceptional chance to acquire a meticulously maintained commercial income property in the charming town of Ghent, Columbia County, New York. This unique 2.846-acre parcel offers a diversified income stream with significant upside potential. Anchor Tenant: US Post Office with Long-Term Stability The cornerstone of this investment is a secure, long-term lease with the United States Post Office, a highly stable and desirable anchor tenant. This reliable income stream provides a strong foundation for your investment, complete with renewable options for continued security. Multiple Revenue Streams & Expansion Potential Beyond the Post Office, the property boasts a separate, historic brick building that is currently rented, adding to the immediate cash flow. Further enhancing its value is a third building, presently used for storage, which presents a fantastic opportunity for conversion into an additional rental unit, unlocking further income growth. Strong Financial Performance This property is a proven performer, generating a gross annual income of 85,600, with remarkably low expenses of just 13,000. This favorable income-to-expense ratio ensures healthy net operating income from day one. Strategic Columbia County Location Nestled in the picturesque Hudson Valley, Ghent offers a desirable blend of rural charm and accessibility. Columbia County is a sought-after region for both residents and businesses, contributing to the long-term desirability and stability of this investment. Don't miss out on this opportunity to own a diversified, income-producing asset with a blue-chip tenant and significant value-add potential in a thriving market. Investment Highlights: Anchor Tenant: U.S. Post Office with long-term lease and renewal options. Diversified Income: Additional rented historic brick building. Value-Add Opportunity: Third building for potential conversion to a new rental unit. Generous Acreage: 2.846 acres Prime Location: Desirable Ghent, Columbia County, NY. Strong Cash Flow: Proven track record of high income and low expenses. For more information and to schedule a private showing, contact us today!
MLS# 20252228

Courtesy Of Beach & Bartolo Realtors, Inc

(518) 392-2700

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Water Front
  • Heating System
    Baseboard
  • Lot Size
    2.85 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 2352 - 2354 State Route 66, Ghent, NY 12075

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.