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Corner of Columbia and 8th Streets 801 Columbia St

4,553 SF Retail Building Hudson, NY 12534 £390,555 (£86/SF)

Investment Highlights

  • Very High Traffic Location - Corner Building
  • Previously was Two Separate Storefronts. The Separate Entrances Remain Intact
  • Previously Two Apartments on 2nd Floor - One Intact, the other currently converted to storage
  • Across from Cafe Mutton, Near Li'l Deb's Oasis, Upper Depot and Return Breweries.
  • Possibility to Convert Garage to Additional Retail

Executive Summary

This legendary 4553 SF Hudson property (formerly Niver's Music Store) is ready for the build out of a visionary investor. The desirable, high-traffic corner location is just steps away from Warren Street and adjacent to the Depot District.
This property holds great potential for a new owner/developer. High-traffic corner location at Columbia Street (Route 23B) and 8th Street. Storefronts have 32' of frontage on Columbia Street and 42' on 8th Street.
The large open storefront was once two storefronts. The separate entrances are still intact. Rent the storefront as one or two units. The attached garage, which faces Columbia Street and the workshop behind it, could be another rentable commercial unit. There are two residential units on the second floor (one currently only used as storage). There are also two 3rd-Floor attics that could be used for additional storage, or finished as a media room or home office. Current commercial and retail space total is 4553 square feet (422.99 m). If you finish the attics it brings the total square footage to a whopping 6830 square feet (634.53 m) of useable space.
There were at one time, two distinct residential apartments on the second floor. One is mostly intact with living room, den, two bedrooms, large kitchen, bathroom with screened side porch off the kitchen. A second apartment was converted to extra storage, with an inventive hand powered parcel lift to the unit. There are a great deal of original details throughout both residential units (see photos). Currently, there is only pull-down stair access to the second residential unit (now storage).
This property is in the Hudson Opportunity Zone, which could be of great benefit to a user/developer who uses capital gains for the purchase and renovation of this property (speak to your financial advisor to understand the full financial benefits that could be realized under the Opportunity Zone).
The property sits in the R-5 district, which is a residential district allowing one or two family residences. But commercial use of this property goes back more than 100 years and is grandfathered. Depending on what you wish to do here, the listing agent will help provide assistance in applying for and getting a variance (if one is needed). Due to its long commercial history and location since it is the first property inside the residential district, just one property outside the main commercial district. This should help any zoning consideration. Speak with agent Victor Mendolia for more information about the zoning.
The building is directly across the street from Cafe Mutton, and close to hot spots Lil' Deb's Oasis, Return Brewing, Upper Depot Brewing and Isaan Thai.
Don't miss this exciting opportunity to acquire one of the few remaining buildings in downtown Hudson!

Data Room Click Here to Access

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,553 SF
Building Class
C
Year Built
1850
Price
£390,555
Price Per SF
£86
Tenancy
Multiple
Number of Floors
2
Building FAR
0.33
Land Acres
0.32 AC
Opportunity Zone
Yes
Zoning
R5 - Property is zoned R-5 Existing Non-Conforming. Building has been used commercially for more than 100 years. A variance for most uses may be possible.
Parking
2 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
32 ft on Columbia Stree-Route 23B

Amenities

  • Bus Route
  • Storage Space
  • Fiber Optic Internet
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
100600-110-062-0001-014-000-0000
Land Assessment
£9,448 (2023)
Improvements Assessment
£234,621 (2023)
Total Assessment
£244,069 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 29022423

  • Date on Market: 17/07/2023

  • Last Updated:

  • Address: 801 Columbia St, Hudson, NY 12534

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