2354 Ny-66

Description

Ghent Center is a well-positioned and handsome commercial investment property located along State Route 66 in the heart of the hamlet of Ghent, just minutes from Chatham and approximately 15 minutes from the City of Hudson. With more than 460 feet of road frontage, excellent visibility, and an 8 Cap Rate, the property offers immediate cash flow with substantial long-term upside. The property consists of three buildings situated on approximately two acres, with ample parking, a circular driveway, and the scenic Kline Kill Creek bordering the rear of the site. The primary building is a modern commercial facility constructed in 1995 for the United States Postal Service, which recently exercised a five-year lease renewal, providing stable income from a long-term institutional tenant. The second building is a beautifully restored nineteenth-century brick structure, originally constructed as an Almshouse and renovated in conjunction with the post office development. Featuring exposed timber framing, original brick flooring, historic millwork, and a second-floor kitchenette and full bathroom, the building is currently leased to a healing arts studio. It offers continued rental income while also providing flexibility for future owner occupancy or a wide range of commercial uses, including professional offices, retail, gallery, wellness, or creative workspace. The third structure is a historic barn situated along the wooded banks of the Kline Kill. While in need of substantial restoration, the site presents an attractive redevelopment opportunity and offers the potential to expand the property's income-producing capacity, subject to municipal approvals. Located in one of Columbia County's most prominent commercial thoroughfares, Ghent Center combines excellent accessibility with an attractive country setting - with expansive grounds, mature trees, and generous parking. With a diversified income stream, a newly renewed USPS lease, excellent visibility, and meaningful redevelopment potential, Ghent Center represents a compelling investment opportunity in one of the Hudson Valley's strongest markets.