513 515 Columbia Street, Hudson, NY, 12534 | $775,000

The most important commercial property available for sale in Hudson. Hotel, Condos, Market, Mixed-Use, Your Dream. For Sale or Lease. 12, 240 sq. ft. with 50 ft frontage on Columbia St. and 50 ft on Prison Alley. Centrally located directly behind Hudson City Hall (with a pass-through to/from Warren St right behind the building). Tons of customer parking in the adjacent municipal parking lot, Hudson's largest. 513-515 Columbia (100600 110. 45-1-67) is a 3-story warehouse, with tons of space (12, 240 sq ft). It boasts high first floor ceiling 11 ft, huge mostly open span on three levels. Drive-in garage on the alley. The top floor is an architectural gem, a unique example of truss construction. This property is the linchpin for Columbia Street redevelopment. Current city administration supports higher density development in this area. Commercial/residential development might make the most sense, considering Hudson's housing and retail storefront shortage. But let your dreams become a reality here. Fully sprinkled, This building has been open on the interior to 517-519 Columbia Street, which is a separate building and separate parcel. . Seller is currently having all the shared infrastructure (electric, water, sewer, gas) separated. Once completed, this building will have all its own utilities and will be completely independent of the property next door. This presents an opportunity to have a say in how this work best suits your needs. All work is being done to will comply with ADA requirements. All areas of the retail space and public rest rooms will be fully accessible. *Note - Seller would also consider creative development partnerships or long-term lease options with the right developer or tenant. There is no other property that comes close to the upside possibilities in Hudson.

Features

  • Parking: 4 in garage
  • Levels: 3
  • Heating: Gas,Space Heater,Hot Air
  • Approx Lot Sq. Feet: 6,098
  • Zoning: CC - Central Commercial
  • Lot Size: 50' x 120'
  • Approx Sq. Feet: 12,240
  • Acreage: 0.14
  • MLS#: 151569
  • Days on Market: 307 days
  • Website: https://www.raveis.com
    /prop/151569/513515columbiastreet_hudson_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of The Kinderhook Group, Inc.

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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513 515 Columbia Street, Hudson, NY, 12534

$775,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,177 $4,121 $5,229
Total Monthly Payment $4,269 $4,213 $5,321

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.