• Applewood Apartments and Restaurant - 120 North Rd, Highland, NY 12528

For Sale

Multi-Family

For Sale

This property is available for sale
2.5
Acres
$2,800,000
Sale Price
  • Year Built
    1930
  • Total Building Size
    23,052 RSF
  • Overview

    Catering facility in a private manicured hill top setting in the heart of the Mid-Hudson Valley minutes to the Mid-Hudson Bridge, NYS Thruway, Poughkeepsie & New Paltz. From the Mid-Hudson Bridge, 9W North to Left on Merritt Ave; Right on Grand St. SUPER VERSATILE INCOME $$$ PRODUCER!- Apartments – Restaurant – Catering facility in a private manicured hill top setting in the heart of the Mid-Hudson Valley minutes to the Mid-Hudson Bridge, NYS Thruway, Poughkeepsie & New Paltz. This twenty- four unit apartment complex consists of 8 two room studio apartments, 11 one bedroom apartments, 5 two bedroom apartments, a 4452 sq. ft restaurant w/ bar, an outdoor Pavilion and a covered patio for outside dining all of which are in two spectacular and historic brick buildings on 2.5 acres of well-tended landscaped property. All furniture, fixtures, equipment & supplies are included in the sale of the Restaurant. In addition, there is a picturesque 16x16 koi pond which adds to a distinct country ambiance for al fresco events. Additionally improvements include two 12x20 one car garage sheds, two 10x14 storage sheds, basketball court and a 40x80 patio area for catering events. This unique offering has been carefully maintained all apartments have been routinely updated providing an excellent rental history. Continue existing income producing use or expand on the good will and fine reputation of this well respected and well known location. Many and varied possibilities exist- corporate retreat, boutique hotel, special events destination, culinary tourism utilizing the bounty of many local farms and fine food purveyors. Additional information and details on request from qualified buyers. OPPORTUNITY ABOUNDS!

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Property Details

Catering facility in a private manicured hill top setting in the heart of the Mid-Hudson Valley minutes to the Mid-Hudson Bridge, NYS Thruway, Poughkeepsie & New Paltz. From the Mid-Hudson Bridge, 9W North to Left on Merritt Ave; Right on Grand St. SUPER VERSATILE INCOME $$$ PRODUCER!- Apartments – Restaurant – Catering facility in a private manicured hill top setting in the heart of the Mid-Hudson Valley minutes to the Mid-Hudson Bridge, NYS Thruway, Poughkeepsie & New Paltz. This twenty- four unit apartment complex consists of 8 two room studio apartments, 11 one bedroom apartments, 5 two bedroom apartments, a 4452 sq. ft restaurant w/ bar, an outdoor Pavilion and a covered patio for outside dining all of which are in two spectacular and historic brick buildings on 2.5 acres of well-tended landscaped property. All furniture, fixtures, equipment & supplies are included in the sale of the Restaurant. In addition, there is a picturesque 16x16 koi pond which adds to a distinct country ambiance for al fresco events. Additionally improvements include two 12x20 one car garage sheds, two 10x14 storage sheds, basketball court and a 40x80 patio area for catering events. This unique offering has been carefully maintained all apartments have been routinely updated providing an excellent rental history. Continue existing income producing use or expand on the good will and fine reputation of this well respected and well known location. Many and varied possibilities exist- corporate retreat, boutique hotel, special events destination, culinary tourism utilizing the bounty of many local farms and fine food purveyors. Additional information and details on request from qualified buyers. OPPORTUNITY ABOUNDS!

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    1930
  • Sale Price
    $2,800,000
  • Total Building Size
    23,052RSF
  • Total Acres
    2.5
  • Sale Status
    Available
  • Last updated
    Jan 05, 2021
  • Property ID
    2162265

Landlord's Sales Representative

  • Brian Mossey
    Berkshire Hathaway Home Services Hudson Valley Properties