3588 Main Street

Stone Ridge, NY 12484 View Map $1,499,000 Schedule a Tour
Sq.Ft.6,240
Year1840
Glenn Fitzgerald

Glenn Fitzgerald

(845) 443-7776

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Status: Active
Property Type:Mixed Use
MLS #:20242655
Sq. Feet:6,240
On Site:7 Days
Lot Size:148,104 Sq. Ft.
County:Ulster
Amazing opportunity to own a cultural gem right in the heart of Stone Ridge, one of the most charming towns in Ulster County. Located in the historic district right on Main Street, this property sits on 3.4 lush landscaped acres, and features a mixed use converted church, currently leased by a popular yoga and dance studio for the past 7 years. Behind the building lies the beloved- and newly constructed yurt, that has been transformed into a magical event, practice, and ceremony space. To top it all off, an income producing, spacious 2-bedroom apartment is tucked away to the side of the building, giving this property a diversified income stream. Current rents sit under market value, but still give the building a 7% cap rate. At a realistic market value, the building easily fetches a 10% projected cap!

What was once an old church was lovingly renovated and transformed into a commercial space, while keeping the best details of the church intact- like the beautiful stained glass windows! Upon entering, you are welcomed by a seating and retail space, equipped with a bar and 2 commercial bathrooms. The main space has oversized mirrors and ballet bars, smooth wood floors, tall ceilings, and ethereal lighting. While perfectly setup as a yoga studio, you could easily add in a juice or coffee shop component. The second story, which used to be the choir pit overlooking the church, has a large open floor space, accented by arches and stained glass. This whole building is currently leased by Whole Sky Yoga, and has become a very popular and beloved studio in the area for the past 7 years. Whole Sky is currently operating on a month to month lease at $3200 per month.

The tour de force of this dynamic property is the newly constructed 1300 sq ft Kiva, or yurt. With radiant heated floors, excellent soundproofing and system installed, and the overhead circular skylight, the space needs little to speak volumes. Currently managed by the owner under the business MaMA, the space is consistently rented out, and is available by the hour or day for events, classes, and performances to name a few. The Kiva is currently bringing in around $87,000 annually, which we project could easily be much closer to $100k next year.

Off the side of the main building is the unassuming entrance to a surprisingly spacious 2 bedroom apartment. Adorned with gorgeous wood accents, a large open living space with dining room, new appliances, and a wood burning stove, this is a rare gem perfect to add income or be an owner/operator unit! Currently rented to friends on a month to month lease at $1400, this unit is well under market value.

The building is equipped with a full parking lot around the back, which holds 54 spaces. Other features include a large fire pit with local harvested wood sitting stumps, and a newly constructed wood shed. Behind the Kiva lies more opportunity for expansion- extra acreage extends into a perfect flat area, where we can envision an open amphitheater or glamp site being constructed.

Stone Ridge is a town steeped in history, and as its name implies, beautiful stone all around. Known for its old stone houses, beautiful scenery, and architecture, this picturesque town also is known for its restaurants and antique shops.

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Community Information

Address:3588 Main Street, Stone Ridge, NY 12484
County:Ulster
Township:Marbletown
Zip Code:12484
Neighborhood:Ulster-Town Of

Features / Amenities

Appliances: Stainless Steel Appliance(s), Refrigerator, Microwave, Dishwasher, Built-In Gas Range
Flooring: Carpet, Hardwood, Tile
Exterior Features: Awning(s), Fire Pit, Lighting, Private Entrance, Uncovered Courtyard
Building Features: Private Restroom(s), High Speed Internet, Living Space Available, Signs Owned, Skylight(s), Storage
Heating: Electric, Propane, Varies by Unit, Wood Stove

Property Features

Lot Size: 3.4 Acres / 148,104 Sq. Ft.
Lot Features: Back Yard, Front Yard, Garden, Landscaped, Many Trees, Native Plants, Paved, Rock Outcropping, Wooded
Location: Historic Area
Utilities: Cable Connected, Electricity Connected, Water Connected, Propane
Electric: 200+ Amp Service
Sewer: Septic Tank
Water: Well
Road Frontage: Highway
Road Surface: Asphalt
Zoning:B1

Tax and Financial Info

Buyer Agency Compensation Type: %
Tax Annual Amount: $14,312
Owner Pays: All Utilities, Electricity, Gas, Repairs, Snow Removal, Taxes, Trash Collection
Buyer Agency Compensation: 2.50
School Tax: $10,250.64

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3588 Main Street Stone Ridge,  NY 12484
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Amazing opportunity to own a cultural gem right in the heart of Stone Ridge, one of the most charming towns in Ulster County. Located in the historic district right on Main Street, this property sits on 3.4 lush landscaped acres, and features a mixed use converted church, currently leased by a popular yoga and dance studio for the past 7 years. Behind the building lies the beloved- and newly constructed yurt, that has been transformed into a magical event, practice, and ceremony space. To top it all off, an income producing, spacious 2-bedroom apartment is tucked away to the side of the building, giving this property a diversified income stream. Current rents sit under market value, but still give the building a 7% cap rate. At a realistic market value, the building easily fetches a 10% projected cap!

What was once an old church was lovingly renovated and transformed into a commercial space, while keeping the best details of the church intact- like the beautiful stained glass windows! Upon entering, you are welcomed by a seating and retail space, equipped with a bar and 2 commercial bathrooms. The main space has oversized mirrors and ballet bars, smooth wood floors, tall ceilings, and ethereal lighting. While perfectly setup as a yoga studio, you could easily add in a juice or coffee shop component. The second story, which used to be the choir pit overlooking the church, has a large open floor space, accented by arches and stained glass. This whole building is currently leased by Whole Sky Yoga, and has become a very popular and beloved studio in the area for the past 7 years. Whole Sky is currently operating on a month to month lease at $3200 per month.

The tour de force of this dynamic property is the newly constructed 1300 sq ft Kiva, or yurt. With radiant heated floors, excellent soundproofing and system installed, and the overhead circular skylight, the space needs little to speak volumes. Currently managed by the owner under the business MaMA, the space is consistently rented out, and is available by the hour or day for events, classes, and performances to name a few. The Kiva is currently bringing in around $87,000 annually, which we project could easily be much closer to $100k next year.

Off the side of the main building is the unassuming entrance to a surprisingly spacious 2 bedroom apartment. Adorned with gorgeous wood accents, a large open living space with dining room, new appliances, and a wood burning stove, this is a rare gem perfect to add income or be an owner/operator unit! Currently rented to friends on a month to month lease at $1400, this unit is well under market value.

The building is equipped with a full parking lot around the back, which holds 54 spaces. Other features include a large fire pit with local harvested wood sitting stumps, and a newly constructed wood shed. Behind the Kiva lies more opportunity for expansion- extra acreage extends into a perfect flat area, where we can envision an open amphitheater or glamp site being constructed.

Stone Ridge is a town steeped in history, and as its name implies, beautiful stone all around. Known for its old stone houses, beautiful scenery, and architecture, this picturesque town also is known for its restaurants and antique shops.



Listing Information Last Updated 6/12/2024
Listing provided courtesy of Compass Greater Ny, LLC.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Keller Williams Realty Hudson Valley North are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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