2303 Lucas Turnpike, High Falls, NY 12440 (MLS# 20244292)
$910,000
High Falls, NY 12440
MLS# 20244292
Status: Closed
4 beds | 4 baths | 4664 sqft
1 / 26
Property Description
Investors and entrepreneurs, here's a chance to own a fully renovated, Class A mixed-use building on over half an acre in one of the Hudson Valley's most popular small towns. Located on Lucas Turnpike in High Falls, right across from the High Falls Food Co-op, this 4,664 sq. ft. property includes four leased spaces providing steady income. The building features two ground-floor retail units; a hair salon and a wholesale Internet business plus two apartments upstairs (a three-bedroom and a one-bedroom). With 15 town-approved parking spaces, there's plenty of room for customers and tenants alike. The property offers an 8.5 cap rate and has seen extensive renovations, including new shiplap wood siding, Marvin Elevate windows, a standing seam metal roof, upgraded electrical and plumbing, and separate meters for each unit. Additionally, there's 76 feet of creek frontage along the Rondout Creek, which could be leveraged by future tenants. The location connects High Falls, Stone Ridge, Rosendale, and Marbletown, with over 10,000 cars passing by daily. Contact me for a list of improvements and to arrange a viewing.
Details
Documents
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: 2303 Lucas Tpke, LLC
Current Price: $910,000
Original List Price: 9290000
Sold Price: $910,000
Status: Closed
Listing Contract Date: 2024-10-21
Property Sub Type: Multi Family
Location, Tax, and Legal
Township: Marbletown
School District: Rondout Valley Schools
Elementary School: Bennett 4-6
General Tax: 2903
School Tax: 6767
Tax Annual Amount: 9670
Tax Assessed Value: 625179
Parcel Number: 22.2.2303
Tax Lot: 22
Tax Block: 2
Zoning: B1
Directions: Building is located at the corner of Lucas Turnpike and Route 213 in High Falls, NY.
General Property Information
Number Of Units Total: 4
Above Grade Finished Area: 4664
Below Grade Finished Area: 0
Lot Size Acres: 0.62
Lot Size Dimensions: 27007
Association YN: No
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: No
Attached Garage YN: No
Waterfront YN: Yes
Water Body Name: RONDOUT CREEK
Flood Plain YN: Yes
Senior Community YN: No
Sign On Property YN: Yes
Basement YN: Yes
Stories: 2
Fireplace YN: No
Wood Stove YN: No
Units Furnished: None
Spa YN: No
Rent Control YN: No
List Price/SqFt: 199.19
Sold Price/SqFt: 195.11
Bedrooms Total: 4
Bathrooms Total: 4
Living Area: 4664
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: Investors and entrepreneurs, here's a chance to own a fully renovated, Class A mixed-use building on over half an acre in one of the Hudson Valley's most popular small towns. Located on Lucas Turnpike in High Falls, right across from the High Falls Food Co-op, this 4,664 sq. ft. property includes four leased spaces providing steady income. The building features two ground-floor retail units; a hair salon and a wholesale Internet business plus two apartments upstairs (a three-bedroom and a one-bedroom). With 15 town-approved parking spaces, there's plenty of room for customers and tenants alike. The property offers an 8.5 cap rate and has seen extensive renovations, including new shiplap wood siding, Marvin Elevate windows, a standing seam metal roof, upgraded electrical and plumbing, and separate meters for each unit. Additionally, there's 76 feet of creek frontage along the Rondout Creek, which could be leveraged by future tenants. The location connects High Falls, Stone Ridge, Rosendale, and Marbletown, with over 10,000 cars passing by daily. Contact me for a list of improvements and to arrange a viewing.
Status Change Information
Status Change Timestamp: 2025-04-04
Concessions: No
Buyer Financing: Cash
Major Change Timestamp: 2025-04-04T17:27:47Z
Major Change Type: Status Change
Price Change Timestamp: 2024-10-23T17:35:35Z
Purchase Contract Date: 2025-03-06
Close Date: 2025-04-03
Close Price: 910000
Appliances
Dishwasher: 1
Electric Oven: 1
Basement
Walk-Out Access: 1
Book Information
Liber/Book: 6361
Page: 97
Section: 70
Documents Available
Seller's Disclosure: 1
Survey: 1
Location Tax and Legal
Street Number: 2303
Street Name: Lucas
Street Suffix: Turnpike
County: Ulster
State: NY
Zip Code: 12440
Town (Taxable): Marbletown
Property Features
Appliances: Dishwasher; Electric Oven
Basement: Walk-Out Access
Documents Available: Seller's Disclosure; Survey
Survey 
Listing Courtesy of Four Seasons Sotheby's Int'l R
Listing Agent: Jane Stack