5 Rock City Road, Woodstock, NY, 12498$2,950,000
People are flocking to the scenic Catskill Mountains to get away, breathe some fresh air, take a hike amongst the natural beauty and experience the many quaint villages lined with charming shops. The Short-term rental industry has been booming. The perennially stable and desirable Village of Woodstock provides the perfect get-a-way spot for tourists from the metropolitan areas of downstate New York. This premium property in the heart of Woodstock is just steps away from the Village Green. Hotel Woodstock is, quite simply, one of the Best Investment properties in the Hudson Valley! The story goes that Hotel Woodstock was born in 1870 with between 18-20 Rooms and it’s rumored that Ulysses S. Grant stayed here in 1872. Substantive work was done to the structure in the early 1930’s by Stanley Brinkerhoff Longyear. In 1962 the many lodging rooms were combined to create eight (8) Private Apartments on the 2nd & 3rd floors for full time residents. In 2016 the current Owners began renting the furnished apartments to guests by the night, returning the building to travelers from around the world once again for that authentic Woodstock experience! Currently the property is set up with Nine (9) Residential Units, Five (5) Retail Units and is Permitted for One (1) Outdoor Vending Space. 5 Rock City Road, the Original Building, has Eight (8) Residential Units and Four (4) Retail Spaces. 9 Rock City Rd, the more recent Cottage, has One (1) Residential Unit, One (1) Retail Space and backs up to the Tannery Brook. The Nine Residential Units are Permitted to operate as a “Boutique Hotel” and are offered through Air BNB and VRBO (and its affiliates). The Five (5) Retail Spaces are occupied with three (3) Shops in the Main Building (one shop occupies two spaces). Many Improvements since 2016 including the paved lot, the front sidewalk, Electric, Fuel Tanks and more! If you’re looking for a Solid Investment in a popular Tourist Area, look no further. Perfect for a 1031 Exchange!