CALLING INVESTORS - PRIME WINDHAM VILLAGE OPPORTUNITYRare opportunity in the heart of Windham Village with exceptional commercial and residential development potential. Positioned in one of the Catskills most desirable four-season destinations, this property offers investors the chance to capitalize on the continued growth and popularity of Windham.Windham is truly the place to be, attracting visitors year-round with its breweries, restaurants, movie theater, live entertainment venues, walking paths, golf, and outdoor recreation -- all just minutes to skiing at Windham Mountain Club.This property presents tremendous upside potential for:â?¢ Mixed-use commercial/residential developmentâ?¢ Retail with upscale apartments aboveâ?¢ Boutique hospitality or vacation rental conceptsâ?¢ Restaurant, brewery, or entertainment venueâ?¢ Expanded multi-unit residential useA major value-added component already exists through participation in the NYC Watershed/CWC flood mitigation program. The current ownership has completed the first three phases of approvals and applications, positioning the project for construction application status. Approximately 3/4 of associated cost is covered for:â?¢ Elevating the building due to flood zoneâ?¢ Constructing a new foundationâ?¢ Relocating utilities to the first floorTo preserve continuity within the approved program, ownership is structured through 5355 Main Street, LLC, allowing a purchaser to step directly into the existing approval process and benefits already secured.Additionally, prior approvals from the Town of Windham included:â?¢ A rear additionâ?¢ Expanded first-floor commercial spaceâ?¢ Relocation of apartments to upper levelsOwnership was also advised that a future third floor of apartments would likely receive approval, creating even greater residential income potential.With strong tourism, growing demand, and limited village inventory, this is a strategic opportunity for investors and developers seeking a high-visibility property with approvals, infrastructure planning, and substantial upside already in motion
Listing By
Agency Name: Shaw Country Realty, Inc.
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimated Payment
$ 2,054.04 per month $1,533.42 Principal & Interest $319.67 Property Tax $200.96 Homeowner's InsuranceColdwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
5355 New York 23 | MLS# 20262874
This multi-family property located at 5355 New York 23 , Windham, NY 12496 is currently listed for sale with an asking price of $689,000. New York 23 is located within the Wind-Ash-Jewett school district. Search Windham real estate on www.coldwellbankerchoice.com today.