Pending
5 Rock City Road
Woodstock NY, 12498
$2,700,000
$396.18 per sqft
Pending
6,815 sqft
Commercial
Built in 1935
The iconic Woodstock Hotel sits prominently in the heart of the village and has been welcoming guests, residents and shoppers for over 85 years. Apart from the highly visible 6000+ sq ft main building, which houses 8 residential units and 4 storefronts, there's a separate 800 sq ft cottage on the Tannery Brook with one residential unit and one retail space, for a total of 9 units and 5 storefronts. In its current iteration, the property enjoys a transferable permit to operate as a boutique hotel and the fully furnished and equipped lodging units, all with kitchens and full baths, are rented through Airbnb and VRBO. Four of the units are 2-bedroom, four are 1-bedroom and there's one studio apartment. The current owners also secured a permit for one outdoor vending space, a perfect opportunity to increase revenue by renting to a food truck. Of the 5 retail spaces, four are currently occupied and the fifth is being held vacant in anticipation of new ownership. Recent improvements include new sidewalks, paving and striping the 14-space parking lot, and electrical updates. Of greatest significance is the property's consistently high occupancy rate and thousands of five-star reviews. Detailed financials are available to interested and qualified purchasers.
20233535
MLSⓇ ID
December 13, 2023
Listed
April 4, 2024
Updated
Map
5 Rock City Road
Woodstock NY, 12498
Interior Features
Total Stories
0
Floor Description
HARDWOOD, MIXED
Fireplace
No
Cooling
Yes
Cooling Description
WINDOW UNIT
Heating
Yes
Heating Description
STEAM
Exterior/Building Features
Lot Size
0.32 Acres
Sewer
MUNICIPAL
Other Property Details
Area Name
WOODSTOCK
Taxes
$28,826
Tax Frequency
Annually
Days on Market
44
Garage
No
Parking
LOT-PAVED, LOT-STRIPED, OFF STREET, parking spaces 11-20
View
No
County
Ulster County
Municipality
Woodstock
Water Source
MUNICIPAL
Pool
No
Waterfront
Yes
Zoning
HC
Listing History
Date | Event | Price |
---|---|---|
4/4/2024 | Pending | — |
1/26/2024 | Under Contract | — |
Courtesy of BHHS HUDSON VALLEY PROP-NP, Theodore Chazkel
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Data last updated 11:11 PM UTC, 4/4/2024