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Presented by![]() Carl Schmitt |
Prime Commercial/Residential Property with Panoramic Shawangunk Ridge Views at 658-664 State Route 208, Gardiner, NY 12525 Discover a rare and versatile live/work opportunity in the heart of Gardiner, NY. This commercially zoned property offers an exceptional blend of residential comfort, rental income potential, and expansive commercial space, all set on just over 30 picturesque acres with a spring-fed pond and panoramic views of the Shawangunk Ridge. The property features a spacious 2, 600 sq. ft. farmhouse with four bedrooms and three bathrooms, along with a lower-level 1 bedroom apartment that’s perfect for rental income or extended family accommodations. Adjacent to the home is an oversized one-car detached garage, providing additional storage or workshop possibilities. The commercial elements of this property are equally impressive. A 175-year-old barn, converted into a two-story warehouse in 1992, offers 4, 450 sq. ft. of reinforced, fully renovated space, complete with a freight elevator, loading dock, and a 660 sq. ft. attached office that has been converted into a currently leased studio apartment with vaulted ceilings and mountain views. A second warehouse, built in 2005, features a canvas Coverall brand cover and modern steel-frame construction, 3, 000 sq. ft. of space, 20-foot ceilings, an oversized bay door (16’ x 16’), LED lighting, and is insulated. The property’s 30 acres offer stunning natural beauty, including open meadows, wooded trails, and a serene, spring-fed pond stocked for fishing. With 400 feet of frontage on State Route 208, the property boasts excellent visibility and signage opportunities. The oversized driveway, with a 12-inch layer of crushed stone, accommodates large commercial vehicles, while ample parking space ensures convenience for customers, employees, and tenants alike. Zoned for a variety of uses, the property is ideal for rentals, warehouse or office spaces, retail establishments, farming ventures, breweries or vineyards, motor vehicle repair, and kennels, among others. With over 7, 400 square feet of heated and insulated office and warehouse space, the potential for this property is vast. Located just 20 minutes from NYS Thruway Exit 18 and 30 minutes from Stewart International Airport, it is conveniently positioned near Gardiner’s charming downtown and the thriving business community of New Paltz. For investors, this property presents a tremendous opportunity. Whether you’re seeking a live/work property, an investment opportunity, or a scenic retreat for your business, 658-664 State Route 208 offers the perfect balance of natural beauty, functional space, and business potential. Contact us today to schedule a private showing and experience this extraordinary Hudson Valley property firsthand.
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$1,350,000
Vice President of Business Development
William Raveis Real Estate
Phone: 203.952.4997
Carl.Schmitt@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.225.2554
Theresa.Givens@raveis.com
NMLS Mortgage Loan Originator ID 1870734
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.565% | 6.475% | 6.183% |
Monthly Tax Payment | $1,599 | $1,599 | $1,599 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,048 | $6,738 | $9,114 |
Total Monthly Payment | $7,772 | $8,462 | $10,838 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.