970 State Route 26Georgetown, NY 13072

Description

Income-producing mixed-use property with significant value-add potential in Georgetown, NY. Formerly known as the Georgetown Inn, this mixed-use building offers multiple income streams and flexible zoning for both residential and commercial use. The property currently features three apartment units, including a fully remodeled 3-bedroom, 1-bath first-floor apartment that is move-in ready and ideal for immediate rental income. Upstairs, a 2-bedroom, 1-bath apartment is currently occupied and will be delivered vacant at closing, providing flexibility for owner occupancy or market-rate leasing. A second 2-bedroom, 2-bath apartment is well underway, with remaining materials included in the sale, offering an opportunity to increase rental income with minimal additional investment. The former bar and commercial space presents another value-add opportunity. Restore it as a business, create office space, or explore conversion to an additional residential unit (subject to approvals). The space already includes multiple rooms, a bathroom, and basement access. With mixed-use zoning, multiple residential units, expansion potential, and the ability to create additional cash flow, this property offers investors, entrepreneurs, and owner-occupants a rare opportunity to build equity while generating income. Bring your vision and unlock the full potential of this landmark property.

Property Information

Property type

Residential

Sub-type

Mixed Use

Style

Fourplex

Year built

1847

Stories

2

Living area

5,644 Sq Ft

Lot size

0.31 acres

Lot dimensions

89X138

Garage spaces

2

Days on market

201

MLS^® Listing#

S1674260

Property Features

Interior

Ceiling Fan(s)

Appliances

Electric Water Heater

Cooling

Ceiling Fan(s)

Heating

Oil · Baseboard · Forced Air

Flooring

Carpet · Hardwood · Other · See Remarks · Tile · Varies

Basement

Dirt Floor · Full

Parking

Gravel · Unpaved

Laundry

Washer Hookup

Patio

Porch

Lot features

Rectangular Lot

Construction

Wood Siding

Foundation

Stone

Utilities

Electricity Connected · Water Connected

Sewer

Septic Tank

Water source

Public

Financial Details

Annual taxes

$3,163

Assessed value

$50,000

Parcel number

253000-194-019-0001-037-000-0000