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THE COMMONS BUILDING . . . an outstanding 14,000 +/- sq. ft. commercial investment opportunity located in the destination town of MARGARETVILLE, in the Heart of the CATSKILLS . . . features 11 commercial rental units, 1 restaurant, plus . . . an additional 3rd floor space of unfinished 4000 +/- sq. ft. possibilities. Current gross ANNUAL INCOME is $70K, with approximately $38K of expenses --- current NET INCOME is approximately $32K/year. Of note for the history enthusiast, this distinctive building enjoys a NOTEWORTHY LEGACY . . . starting as 2 separate buildings around 1850. One was an ODDFELLOWS LODGE . . . the other a DRY GOODS and GROCERIES STORE run by George G. Decker. In 1940's, the two structures were connected to become a GENERAL STORE.
Location - Location - Location! Just off The CATSKILL Mountains SCENIC BYWAY, in the noteworthy and charming village of Margaretville, THE COMMONS is just minutes to all the major TOURIST DESTINATIONS: BELLEYRE and PLATTEKILL Ski Centers, the Pepacton Reservoir, the Round Barn FARMERS' MARKET and the Hanah and Shepard Hill golf courses. Get in on the current Catskill renaissance: The CATSKILL MOUNTAINS, just listed as one of the top 11 global destinations by AirBnB for 2019!!