Investment and development opportunity in the heart of thriving Pine Bush hamlet, Orange County, NY. Set on Six (6) relatively level acres, zoned multifamily, are 2 well-maintained residential rental buildings. The first multifamily rental building at #15 Kelly Lane, is a former cattle barn converted to apartments in approximately the early 1980s and has six (6) fully occupied rental units across nearly 8,000 total s q ft. Each unit has separately metered electric. The second is an antique c. 1850s colonial style farm house at #17 Kelly Lane. It has two (2) units, one 4 bedroom and one 2 bedroom, across 2,500 sqft, with updated kitchens, and could easily be used as a single family.
Location, location, location. This important real estate offering has "A+" location, close to schools, grocery stores, dining options and the walking hamlet of Pine Bush/Historic District with its antiques, book stores, hardware, bank, post office and more. Municipal water and sewer. This is one of a very few parcels zoned RM (Residential-Multifamily) with great primary uses and several great possible Special Permit uses. There's a large antique dairy barn / garage complex on the property and much open acreage beyond. Pine Bush in the Town of Crawford, NY, has centrality to Middletown, Newburgh/Stewart Intl Airport, Montgomery, LEGOLAND, NY, and is a jumping-off point to the Hudson Valley and Catskills, with attractions including Bethel Woods and New Paltz/Shawangunk Ridge area. Unique and incomparable opportunity! A must see.