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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Joseph Satto Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Multiple Listing Service of Ulster County. All Rights Reserved.

Data last updated 11:11 PM UTC, 4/4/2024

Powered byLuxury Presence