970 State Route 26
Property 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.
Broker Details
Eagle River Realty, LLC (315) 824-8989
MLS ID: KRUEGEAS State License Number: 10301223862
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $135,000 |
| No. of Units: | 3 |
| Year Built: | 1847 |
| Lot Size: | 5,644.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $45,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-BNARNY-S1674260
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