502 Union Street, Hudson, NY 12534 (MLS# 124407)
$1,000,000
Hudson, NY 12534
MLS# 124407
Status: Closed
4 baths | 7000 sqft
1 / 14
Property Description
Sited in the heart of Hudson NY's most sought-after business district is this unique 7,000 SF, brick, concrete & steel Commercial structure. 2 above ground floors plus a 2,800 SF basement with 12 ft ceilings & a 2,000 lb. capacity passenger/freight elevator accessing all 3 floors. Built circa 1940 as a warehouse it's currently vacant office space. Structural Engineers have approved a 1 story addition doubling the overall size making this a very desirable investment acquisition. Current improvements & features include a convertible oil to gas Buderus Boiler, a new roof, complete sidewalk re-paving & 12 off street parking spaces. Three city street facades & highly visible from Warren St., Hudson NY's main business hub, provides an investor a maximum range of possible income uses. Perfectly located for a large business, art gallery, restaurant/brewery or residential conversion. Blocks from the Amtrak Station & 2 hours from NYC.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: HCPAS LLC
Current Price: $1,000,000
Original List Price: 1125000
Sold Price: $1,000,000
Status: Closed
Listing Contract Date: 2018-12-17
Property Sub Type: Business
Location, Tax, and Legal
911 Address: 502 Union Street
School District: Hudson City Schools
General Tax: 402
School Tax: 10466.25
Town Tax: 9997.08
Village Tax: 0
Tax Annual Amount: 0
Tax Year: 0
Assessors Full Market Value: 675325
Tax Assessed Value: 520000
Parcel Number: 109.60-1-58
Tax Exemptions YN: No
Directions: South from 5th & Warren St one half block. Building located on the east side of the street.
General Property Information
Number Of Units Total: 0
Lot Size Acres: 0.14
Lot Size Dimensions: .14 Acre
Flood Plain YN: No
Sign On Property YN: Yes
Disclaimer: Information not guaranteed.
Stories: 0
List Price/SqFt: 160.71
Sold Price/SqFt: 142.86
Bathrooms Total: 4
Living Area: 7000
Year Built: 1943
Remarks and Miscellaneous
CGR Public Historical Remarks: Bedrooms: 0, Construction: Other, FIPS Code: 21, Full Bathrooms: 0, Green Features: No, Half Bathrooms: 3, Lease Type: Net, Parking: 12 Off Street, Quarter Bathrooms: 0, Special Conditions: None/Unknown, Sprinkler: Yes, Year Built Exception: 0
Public Remarks: Sited in the heart of Hudson NY's most sought-after business district is this unique 7,000 SF, brick, concrete & steel Commercial structure. 2 above ground floors plus a 2,800 SF basement with 12 ft ceilings & a 2,000 lb. capacity passenger/freight elevator accessing all 3 floors. Built circa 1940 as a warehouse it's currently vacant office space. Structural Engineers have approved a 1 story addition doubling the overall size making this a very desirable investment acquisition. Current improvements & features include a convertible oil to gas Buderus Boiler, a new roof, complete sidewalk re-paving & 12 off street parking spaces. Three city street facades & highly visible from Warren St., Hudson NY's main business hub, provides an investor a maximum range of possible income uses. Perfectly located for a large business, art gallery, restaurant/brewery or residential conversion. Blocks from the Amtrak Station & 2 hours from NYC.
Status Change Information
Status Change Timestamp: 2019-05-10
Concessions: No
Buyer Financing: Cash
Concessions Amount: 0
Major Change Timestamp: 2019-05-10T20:48:47Z
Major Change Type: Status Change
Purchase Contract Date: 2019-04-08
Close Date: 2019-05-10
Close Price: 1000000
Appliances
Water Heater: 1
Other: 1
Construction Materials
Block: 1
Brick: 1
Other: 1
Electric
200+ Amp Service: 1
Foundation Details
Concrete Perimeter: 1
Stone: 1
Heating
Baseboard: 1
Hot Water: 1
Oil: 1
Listing Terms
Cash: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Roof
Rubber: 1
Security Features
Fire Alarm: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Real Estate Owned: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 0
Maintenance Expense: 0
Current Use
Commercial: 1
Office: 1
Vacant: 1
Building Features
Elevator(s): 1
Business Type
Commercial: 1
Location Tax and Legal
Street Number: 502
Street Name: Union
Street Suffix: Street
County: Columbia
State: NY
Zip Code: 12534
Town (Taxable): Hudson
Property Features
Appliances: Water Heater; Other
Building Features: Elevator(s)
Business Type: Commercial
Construction Materials: Block; Brick; Other
Current Use: Commercial; Office; Vacant
Electric: 200+ Amp Service
Foundation Details: Concrete Perimeter; Stone
Heating: Baseboard; Hot Water; Oil
Listing Terms: Cash
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Rubber
Security Features: Fire Alarm
Sewer: Public Sewer
Special Listing Conditions: Real Estate Owned
Water Source: Public
Listing Courtesy of Peggy Polenberg Real Estate
Listing Agent: Margaret Polenberg