3588 Main Street
Stone Ridge, NY 12484
$1,499,000
Price
—
Beds
6,240 Sq. Ft.
$240 / Sq. Ft.
6,240
Sq. Ft.
$240
per Sq. Ft.
Listed By Compass
Listed By Compass
Description
Amazing opportunity to own a cultural gem right in the heart of Stone Ridge, one of the most charming towns in Ulster County. Located in the historic district right on Main Street, this property sits on 3.4 lush landscaped acres, and features a mixed use converted church, currently leased by a popular yoga and dance studio for the past 7 years. Behind the building lies the beloved- and newly constructed yurt, that has been transformed into a magical event, practice, and ceremony space. To top it...Amazing opportunity to own a cultural gem right in the heart of Stone Ridge, one of the most charming towns in Ulster County. Located in the historic district right on Main Street, this property sits on 3.4 lush landscaped acres, and features a mixed use converted church, currently leased by a popular yoga and dance studio for the past 7 years. Behind the building lies the beloved- and newly constructed yurt, that has been transformed into a magical event, practice, and ceremony space. To top it all off, an income producing, spacious 2-bedroom apartment is tucked away to the side of the building, giving this property a diversified income stream. Current rents sit under market value, but still give the building a 7% cap rate. At a realistic market value, the building easily fetches a 10% projected cap!
What was once an old church was lovingly renovated and transformed into a commercial space, while keeping the best details of the church intact- like the beautiful stained glass windows! Upon entering, you are welcomed by a seating and retail space, equipped with a bar and 2 commercial bathrooms. The main space has oversized mirrors and ballet bars, smooth wood floors, tall ceilings, and ethereal lighting. While perfectly setup as a yoga studio, you could easily add in a juice or coffee shop component. The second story, which used to be the choir pit overlooking the church, has a large open floor space, accented by arches and stained glass. This whole building is currently leased by Whole Sky Yoga, and has become a very popular and beloved studio in the area for the past 7 years. Whole Sky is currently operating on a month to month lease at $3200 per month.
The tour de force of this dynamic property is the newly constructed 1300 sq ft Kiva, or yurt. With radiant heated floors, excellent soundproofing and system installed, and the overhead circular skylight, the space needs little to speak volumes. Currently managed by the owner under the business MaMA, the space is consistently rented out, and is available by the hour or day for events, classes, and performances to name a few. The Kiva is currently bringing in around $87,000 annually, which we project could easily be much closer to $100k next year.
Off the side of the main building is the unassuming entrance to a surprisingly spacious 2 bedroom apartment. Adorned with gorgeous wood accents, a large open living space with dining room, new appliances, and a wood burning stove, this is a rare gem perfect to add income or be an owner/operator unit! Currently rented to friends on a month to month lease at $1400, this unit is well under market value.
The building is equipped with a full parking lot around the back, which holds 54 spaces. Other features include a large fire pit with local harvested wood sitting stumps, and a newly constructed wood shed. Behind the Kiva lies more opportunity for expansion- extra acreage extends into a perfect flat area, where we can envision an open amphitheater or glamp site being constructed.
Stone Ridge is a town steeped in history, and as its name implies, beautiful stone all around. Known for its old stone houses, beautiful scenery, and architecture, this picturesque town also is known for its restaurants and antique shops.
What was once an old church was lovingly renovated and transformed into a commercial space, while keeping the best details of the church intact- like the beautiful stained glass windows! Upon entering, you are welcomed by a seating and retail space, equipped with a bar and 2 commercial bathrooms. The main space has oversized mirrors and ballet bars, smooth wood floors, tall ceilings, and ethereal lighting. While perfectly setup as a yoga studio, you could easily add in a juice or coffee shop component. The second story, which used to be the choir pit overlooking the church, has a large open floor space, accented by arches and stained glass. This whole building is currently leased by Whole Sky Yoga, and has become a very popular and beloved studio in the area for the past 7 years. Whole Sky is currently operating on a month to month lease at $3200 per month.
The tour de force of this dynamic property is the newly constructed 1300 sq ft Kiva, or yurt. With radiant heated floors, excellent soundproofing and system installed, and the overhead circular skylight, the space needs little to speak volumes. Currently managed by the owner under the business MaMA, the space is consistently rented out, and is available by the hour or day for events, classes, and performances to name a few. The Kiva is currently bringing in around $87,000 annually, which we project could easily be much closer to $100k next year.
Off the side of the main building is the unassuming entrance to a surprisingly spacious 2 bedroom apartment. Adorned with gorgeous wood accents, a large open living space with dining room, new appliances, and a wood burning stove, this is a rare gem perfect to add income or be an owner/operator unit! Currently rented to friends on a month to month lease at $1400, this unit is well under market value.
The building is equipped with a full parking lot around the back, which holds 54 spaces. Other features include a large fire pit with local harvested wood sitting stumps, and a newly constructed wood shed. Behind the Kiva lies more opportunity for expansion- extra acreage extends into a perfect flat area, where we can envision an open amphitheater or glamp site being constructed.
Stone Ridge is a town steeped in history, and as its name implies, beautiful stone all around. Known for its old stone houses, beautiful scenery, and architecture, this picturesque town also is known for its restaurants and antique shops.
Listing Agents
![Leigh Bokser]()
leigh.bokser@compass.comP: (917)-327-4882
![Kate Quintard]()
kate.quintard@compass.comP: (347)-834-6634
Amenities
- Carpet Floors
- Dishwasher
- Electric Heat
- Hardwood Floors
- Tile Floors
- Wood Burning Stove
- Wooden Area Views
LISTING UPDATED: 09/03/2024 11:38 PM
Property Details for 3588 Main Street
| Status | Active |
|---|---|
| MLS # | 20242655 |
| Days on Market | 133 |
| Taxes | $14,312 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Sale / Mixed Use |
| Year Built | 1840 |
| Lot Size | 3.40 AC / 148,104 SF |
| County | Ulster County |
Building Information for 3588 Main Street
Stories2Residences1Year Built1840Lot Size3.40 AC / 148,104 SF
Property Information for 3588 Main Street
Summary
Location and General Information
- Sign On Property YN: No
- Road Frontage Type: Highway
- Road Surface Type: Asphalt
- Directions: Exit 18 from I-87 N. NY-32 N to NY-213 W and Cottekill Rd to US-209 S/Main St in Stone Ridge.
- Location Tax and Legal:Township: Marbletown
- Zoning: B1
- Zoning Description: Business
- MLS Area Major: Ulster-Town Of
- Street Name: Main Street
- State: NY
- Zip Code: 12484
- County: Ulster
- Latitude: 41.851661
- Longitude: -74.140826
- Unparsed Address: 3588 Main Street, Stone Ridge, NY 12484
- Street Number: 3588
- Location Tax and Legal:Neighborhood: Stone Ridge
- Location Tax and Legal:Zoning: B1
- General Property Information:Flood Plain YN: No
- General Property Information:Sign On Property YN: No
- Road Frontage Type:Highway: Yes
- Road Surface Type:Asphalt: Yes
- Location:Historic Area: Yes
Taxes and HOA
- Location Tax and Legal:General Tax: $4,062
- Location Tax and Legal:School Tax: $10,251
- Location Tax and Legal:Tax Annual Amount: $14,312
- Location Tax and Legal:Tax Assessed Value: $538,200
- Location Tax and Legal:Tax Lot: 31
- Location Tax and Legal:Tax Block: 3
- Tax Assessed Value: 538200
- Association Fee: $.00
- Parcel Number: 340006102000030311000000
- Tax Block: 3
- Tax Lot: 31
- Tax Annual Amount: $14,312
Virtual Tour
- Total Virtual Tours Count: 0
Property
Lot Information
- Lot Size Acres: 3.4
- Lot Features: Back Yard, Front Yard, Garden, Landscaped, Many Trees, Native Plants, Paved, Rock Outcropping, Wooded
- Structure Type: Mixed Use, Retail
- Total Floor Plans Count: 0
- Property Type: Commercial Sale
- Living Area: 6240.0
- Property Sub Type: Mixed Use
- Building Features: Private Restroom(s), High Speed Internet, Living Space Available, Signs Owned, Skylight(s), Storage
- Lot Size Units: Acres
- Lot Size Square Feet: 148104.0
- General Property Information:Lot Size Acres: 3.4
- General Property Information:Leasable Area Units: Square Feet
- Lot Features:Back Yard: Yes
- Lot Features:Garden: Yes
- Lot Features:Landscaped: Yes
- Lot Features:Many Trees: Yes
- Lot Features:Paved: Yes
- Lot Features:Rock Outcropping: Yes
- Lot Features:Wooded: Yes
Property and Assessments
- Year Built: 1840
- Business Type: Arts and Entertainment, Church, Dance Studio, Fitness, Florist/Nursery, Food & Beverage, Furniture, Gift Shop, Health Food, Health Services, Hobby, Hospitality, Jewelry, Mixed, Paints, Photographer, Professional Service, Professional/Office, Rental, Residential, Retail, Variety
- Business Name: MAMA
- Video Groups: 0
- General Property Information:Business Name: MAMA
- Current Use:Mixed Use: Yes
- Business Type:Arts and Entertainment: Yes
- Business Type:Church: Yes
- Business Type:Dance Studio: Yes
- Business Type:Fitness: Yes
- Business Type:Florist/Nursery: Yes
- Business Type:Food & Beverage: Yes
- Business Type:Furniture: Yes
- Business Type:Gift Shop: Yes
- Business Type:Health Food: Yes
- Business Type:Hobby: Yes
- Business Type:Hospitality: Yes
- Business Type:Jewelry: Yes
- Business Type:Mixed: Yes
- Business Type:Paints: Yes
- Business Type:Photographer: Yes
- Business Type:Professional Service: Yes
- Business Type:Rental: Yes
- Business Type:Residential: Yes
- Business Type:Retail: Yes
Building Information
- Other Structures:Other: Yes
- Structure Type:Mixed Use: Yes
- Structure Type:Retail: Yes
Utilities
- Utilities: Cable Connected, Electricity Connected, Water Connected, Propane
- Water Source: Well
- Electric:200+ Amp Service: Yes
- Sewer:Septic Tank: Yes
- Utilities:Cable Connected: Yes
- Utilities:Electricity Connected: Yes
- Utilities:Water Connected: Yes
- Water Source:Well: Yes
Interior and Exterior Features
Exterior Features
- Exterior Features: Awning(s), Fire Pit, Lighting, Private Entrance, Uncovered Courtyard
- Other Structures: Other
- Exterior Features:Awning(s): Yes
- Exterior Features:Fire Pit: Yes
- Exterior Features:Private Entrance: Yes
- Exterior Features:Uncovered Courtyard: Yes
- Roof:Asphalt: Yes
- Roof:Metal: Yes
- Building Features:High Speed Internet: Yes
- Building Features:Signs Owned: Yes
- Building Features:Skylight(s): Yes
Interior Features
- Basement YN: Yes
- Cooling: None
- Flooring: Carpet, Hardwood, Tile
- Heating: Electric, Propane, Varies by Unit, Wood Stove
- Basement: Storage Space, Unfinished
- Stories Total: 2
- Bathrooms Total (Integer): 0
- Bathrooms Total (Decimal): 0
- Bathrooms Total (Notational): 0
- Cooling: No
- Heating: Yes
- General Property Information:Basement YN: Yes
- General Property Information:Stories Total: 2
- Appliances:Built-In Gas Range: Yes
- Appliances:Dishwasher: Yes
- Appliances:Microwave: Yes
- Appliances:Refrigerator: Yes
- Appliances:Stainless Steel Appliance(s): Yes
- Basement:Storage Space: Yes
- Basement:Unfinished: Yes
- Cooling:None: Yes
- Electric: 200+ Amp Service
- Flooring:Carpet: Yes
- Flooring:Hardwood: Yes
- Flooring:Tile: Yes
- Heating:Electric: Yes
- Heating:Wood Stove: Yes
Multi Family
Multi-Family Information
- Number of Units: 1
- General Property Information:Number Of Units Total: 1.0
Financial Infomation
Income & Expenses
- Cap Rate: 7.00%
- Income and Expenses:Financials Available Y/N: Yes
- Income and Expenses:Cap Rate: 7.00%
Agent
Sale and Listing
- DOM: 89
- MLS Approval Status: Yes
- Owner Pays: All Utilities, Electricity, Gas, Repairs, Snow Removal, Taxes, Trash Collection
- Current Use: Mixed Use
- Contract Information:Owner Name: Mann and Mckersie
- Book Information:Section: 61-20
- Sale Includes:Building: Yes
- Sale Includes:Business Name: Yes
- Sale Includes:Equipment Negotiable: Yes
- Sale Includes:Supplies: Yes
Rental
Rental Information
- Existing Lease Type:Gross: Yes
- Owner Pays:All Utilities: Yes
- Owner Pays:Electricity: Yes
- Owner Pays:Gas: Yes
- Owner Pays:Snow Removal: Yes
- Owner Pays:Taxes: Yes
- Owner Pays:Trash Collection: Yes
Public Records for 3588 Main Street
Taxable ValueLand$57,000Additions$481,200Total$538,200
Home Facts
Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtStories2Lot Size148,104 SqFtStyleOffice BuildingYear Built1930Year Renovated1980ZoningB1CountyULSTERAPN513400 61.20-3-31.100
Schools near 3588 Main Street
This home is within Rondout Valley Central School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 3 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 4 to 6 |
Rating | School | Distance |
|---|---|---|
Marbletown Elementary School PublicK to 3 | ||
Rondout Valley Junior High School Public7 to 8 | ||
Rondout Valley High School Public9 to 12 | ||
Rondout Valley Intermediate School Public4 to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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