$1,680,000
$1,895,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
6,451 SqFt
SOLD DATE : 06/27/2024
Key Details
Sold Price $1,680,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 6,451 sqft
Price per Sqft $260
MLS Listing ID 20233525
Sold Date 06/27/24
Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Year Built 1850
Annual Tax Amount $13,956
Tax Year 13956
Lot Size 1.030 Acres
Acres 1.03
Lot Dimensions 1.03 Acres
Property Description
Opportunity to own one of the finest boutique hotels in the Hudson Valley, with 12 guest rooms, restaurant, historic tavern, and huge 4,500 square foot deck with beautiful river views. The 1850 House Inn & Tavern is an established hospitality and wedding venue, situated along Main Street in the heart of the charming hamlet of Rosendale. Purpose-built as a hotel circa 1850, the historic brick building is an exact replica of the legendary American Hotel in Sag Harbor. The property features a large 1.03-acre lot with ample parking and nearly 200 feet of direct river frontage along the bucolic Rondout Creek. The hotel enjoys a great location at the geographical center of the Hudson Valley, within a short drive of popular hiking, biking, shopping, dining, and cultural attractions. Main Street Rosendale itself offers many popular restaurants, bars, cafes, and boutiques, along with the celebrated Rosendale Theatre, just one block away. The Wallkill Valley Rail Trail/Empire State Trail is just up the hill, providing a 750-mile recreational trail network that runs south to New York City, north to the Canadian border, and west to Niagara Falls. The Empire State Trail generates significant business for the hotel from bike tours, a source of revenue that is projected to grow tremendously over the coming years. The hotel’s guest rooms all have private bathrooms, are separately metered for electricity, and were previously outfitted with kitchenettes, so residential conversion should also be considered, particularly given the tremendous demand for housing in the area. This offering includes the 1850 House Inn & Tavern business, the 435 Main Street building, and all restaurant and hotel equipment. See floor plans in "associated docs". Owner financing can be considered for qualified buyers. This is a one-of-a-kind opportunity to own the most iconic buildings in Rosendale and to participate in the remarkable evolution unfolding across the mid-Hudson Valley.
Location
State NY
County Ulster
Area Rosendale
Zoning B1
Rooms
Basement Full
Interior
Heating Ductless
Cooling Ductless
Flooring Hardwood
Building
Sewer Public Sewer
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