43-45 Mill Hill Road, Woodstock, NY 12498 (MLS# 20265315)
$4,000,000
Woodstock, NY 12498
MLS# 20265315
2 baths | 1742 sqft

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Property Description
Some addresses simply exist within a town. Others become part of its identity. 43-45 Mill Hill Road, located in the heart of Woodstock, presents a rare opportunity to own a piece of one of the Hudson Valley's most iconic and enduring destinations. Positioned along one of the village's most visible commercial corridors, the property sits at the center of the energy that has drawn generations to Woodstock. Artists, musicians, makers, restaurateurs, weekenders and longtime residents have shaped a community known far beyond the Catskills, creating a year-round destination where independent businesses, food, art and creative culture continue to thrive. Positioned on .37 acres, the property comprises two distinct commercial buildings, currently home to The Penny Cafe & Tavern. Each offers its own character and function, together creating a versatile commercial footprint in the heart of the village. The Tavern occupies the property's charming single-story building, where a covered deck extends the space outdoors and creates an inviting setting for dining, gathering and entertaining. Surrounded by established landscaping, the building has an intimate character that feels naturally at home within Woodstock's village landscape. The neighboring two-story building is home to The Penny Cafe on its first floor. Above, a separate entrance provides independent access to the second level, which features a prep kitchen and a powder room, adding another layer of flexibility to the property and its existing commercial use. Together, the two buildings create something more distinctive than a conventional commercial offering, with multiple spaces, indoor and outdoor experiences, and an established presence along one of Woodstock's primary commercial thoroughfares. Beyond the buildings themselves, the significance of this offering is its location. Hamlet Commercial zoning places the property within Woodstock's established commercial district, surrounded by the restaurants, shops, galleries and gathering places that make the village one of the Hudson Valley's most recognizable destinations. Its prominent position along Mill Hill Road provides the kind of visibility and connection to the village that simply cannot be recreated. The property is offered with an existing triple-net lease, presenting an opportunity to acquire an established income-producing asset in an exceptionally limited market. Under the current lease structure, the tenant is responsible for utilities, taxes, insurance, management, exterior maintenance, and grounds care. More than a commercial investment, 43-45 Mill Hill Road represents an opportunity to hold a lasting presence in a place whose influence extends far beyond the Catskills. Commercial properties in the heart of Woodstock are inherently finite, and offerings combining visibility, character, multiple structures, outdoor space, and an established tenant are particularly rare. This is not simply an opportunity to acquire commercial real estate. It is an opportunity to own a piece of Woodstock.
Details
Contract Information
Current Price: $4,000,000
Original List Price: 4000000
List Price: $4,000,000
Status: Active
Listing Contract Date: 2026-09-11
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Owner Name: Mill Hill Road LLC
Lease Considered YN: No
General Property Information
Number Of Units Total: 2
Bathrooms Total: 2
Living Area: 1742
Year Built: 1972
Lot Size Acres: 0.37
Frontage Length: 112.5
Basement YN: Yes
Sign On Property YN: No
List Price/SqFt: 2296.21
Remarks and Miscellaneous
Public Remarks: Some addresses simply exist within a town. Others become part of its identity. 43-45 Mill Hill Road, located in the heart of Woodstock, presents a rare opportunity to own a piece of one of the Hudson Valley's most iconic and enduring destinations. Positioned along one of the village's most visible commercial corridors, the property sits at the center of the energy that has drawn generations to Woodstock. Artists, musicians, makers, restaurateurs, weekenders and longtime residents have shaped a community known far beyond the Catskills, creating a year-round destination where independent businesses, food, art and creative culture continue to thrive. Positioned on .37 acres, the property comprises two distinct commercial buildings, currently home to The Penny Cafe & Tavern. Each offers its own character and function, together creating a versatile commercial footprint in the heart of the village. The Tavern occupies the property's charming single-story building, where a covered deck extends the space outdoors and creates an inviting setting for dining, gathering and entertaining. Surrounded by established landscaping, the building has an intimate character that feels naturally at home within Woodstock's village landscape. The neighboring two-story building is home to The Penny Cafe on its first floor. Above, a separate entrance provides independent access to the second level, which features a prep kitchen and a powder room, adding another layer of flexibility to the property and its existing commercial use. Together, the two buildings create something more distinctive than a conventional commercial offering, with multiple spaces, indoor and outdoor experiences, and an established presence along one of Woodstock's primary commercial thoroughfares. Beyond the buildings themselves, the significance of this offering is its location. Hamlet Commercial zoning places the property within Woodstock's established commercial district, surrounded by the restaurants, shops, galleries and gathering places that make the village one of the Hudson Valley's most recognizable destinations. Its prominent position along Mill Hill Road provides the kind of visibility and connection to the village that simply cannot be recreated. The property is offered with an existing triple-net lease, presenting an opportunity to acquire an established income-producing asset in an exceptionally limited market. Under the current lease structure, the tenant is responsible for utilities, taxes, insurance, management, exterior maintenance, and grounds care. More than a commercial investment, 43-45 Mill Hill Road represents an opportunity to hold a lasting presence in a place whose influence extends far beyond the Catskills. Commercial properties in the heart of Woodstock are inherently finite, and offerings combining visibility, character, multiple structures, outdoor space, and an established tenant are particularly rare. This is not simply an opportunity to acquire commercial real estate. It is an opportunity to own a piece of Woodstock.
Status Change Information
Major Change Timestamp: 2026-09-11T17:56:25Z
Major Change Type: New Listing
Status Change Timestamp: 2026-09-11
Book Information
Liber/Book: 6107
Page: 316
Section: 27.55
Income and Expenses
Cap Rate: 2.4
Showing Information
Showing Attended YN: Yes
Showing Advance Notice: 24
Location Tax and Legal
Street Number: 43-45
Street Name: Mill Hill
Street Suffix: Road
County: Ulster
State: NY
Zip Code: 12498
Town (Taxable): Woodstock
Property Features
Basement: Storage Space; Unfinished
Business Type: Restaurant
Construction Materials: Wood Siding
Cooling: Ductless; Electric
Exterior Features: Awning(s); Fire Pit; Garden; Lighting; Storage
Flooring: Hardwood
Location: Downtown
Lot Features: Garden; Gentle Sloping; Landscaped
Other Structures: Storage
Owner Pays: None
Road Frontage Type: Town
Roof: Asphalt; Metal; Shingle; Wood
Sewer: Public Sewer
Tenant Pays: All Utilities; Exterior Maintenance; Insurance; Management; Taxes; See Remarks
Water Source: Public
Listing Courtesy of Corcoran Country Living
Listing Agent: Richard Vizzini
