357 Columbia StreetHudson, NY 12534

Description

Introducing Columbia Warehouse, a prime multidimensional development opportunity in the heart of Hudson, NY. Located just a block from bustling Warren Street, this property is perfectly positioned to take advantage of Hudson's dynamic economy and growing popularity among entrepreneurs, makers, and businesses. This 4,400 square feet versatile commercial opportunity spans three interconnected structures, an old-world brick building fronting Columbia Street and two spacious warehouse buildings extending to Prison Alley. The adjoining warehouse spaces feature wood frame truss construction, creating wide open expanses with no interruptions. Bring your vision with endless opportunities for a range of uses including office, coworking, workshop, manufacturing, warehouse, storage, logistics, distribution, retail, and mixed-use development. Hudson's ongoing renaissance has brought a surge of new hotels, event venues, restaurants, retail shops, and creative ventures, drawing in both city dwellers and locals alike. The brick structure offers potential for a stunning restored facade, taking inspiration from its neighboring Cannonball Factory, a meticulously restored 1871 landmark that now stands as a beacon of Hudson's architectural revival. Once an industrial powerhouse, the Cannonball Factory is now a dynamic, multi-use space and the home of Barnfox coworking space and Hudson Market Collective. It serves as a neighborhood hub and events space and sets a compelling precedent for Columbia Warehouse. Since last coming to market, the property has undergone meaningful preparatory work that advances its development readiness. A formal asbestos survey was conducted by a NYS-certified inspector in compliance with state demolition requirements, and all tested materials came back clean, with no asbestos detected in the roofing or brick. Structurally, selective demolition was performed to remove compromised elements, salvaged brick was carefully preserved on-site for reuse, and stabilization measures were installed throughout the front brick structure to protect the building envelope. On the infrastructure side, a brand new 400-amp electrical service was installed, a significant upgrade that includes metered mains and disconnect provisions sized for future tenant buildout. The property is now better positioned for permitting and construction. As Hudson continues its remarkable transformation marked by new developments, high-end boutiques, art galleries, and destination restaurants, Columbia Warehouse is poised to play a key role in the town's next chapter. Located in an Opportunity Zone, the property also offers valuable tax incentives, including significant capital gains tax breaks, making it an exceptional investment opportunity. With soaring ceilings, industrial bones, flexible layout, and a head start on due diligence and site prep, this property offers a rare opportunity to create something truly remarkable. Don't miss your chance to seize this opportunity and become part of Hudson's exciting future. *Some photos have been virtually staged.

Property Information

Property type

Commercial Sale

Sub-type

Warehouse

Year built

1980

Living area

4,400 Sq Ft

Lot size

0.10 acres

Lot dimensions

0.102

Zoning

CC

Days on market

191

MLS^® Listing#

20261430

Property Features

Exterior

None

Heating

None

Construction

Block · Brick · Frame · Metal Siding

Foundation

Brick/Mortar

Roof

Asphalt · Metal

Sewer

None

Water source

Public

Financial Details

Annual taxes

$5,096

Assessed value

$250,000

Parcel number

10060010905200020200000000