$439,000
$439,000
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19,166 SqFt
SOLD DATE : 04/02/2025
Key Details
Sold Price $439,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 19,166 sqft
Price per Sqft $22
MLS Listing ID R1558439
Sold Date 04/02/25
Construction Status Existing
HOA Y/N No
Year Built 1869
Annual Tax Amount $7,144
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 62X160
Property Sub-Type Mixed Use
Property Description
Embrace a piece of history with this iconic gem at the northern end of Main Street. The majestic "Arcade Building" stands as a beacon of opportunity, featuring at least three retail spaces with the potential for more if expanded down the grand hall. Whether you're envisioning a boutique hotel, stylish apartments, or a unique destination venue, this multi-use property offers endless possibilities.
The building's grandeur is accentuated by its sweeping staircase leading to a spacious second floor, perfect for hosting special events. A stunning skylight lights both floors, enhancing the high ceilings and expansive rooms throughout. The third floor offers two huge spaces – perfect for loft living with views over the surrounding village.
Sold as-is, this property requires some TLC but comes with the added benefit of DRI grant funding availability and includes comprehensive hotel plans. Don't miss your chance to transform this historic landmark into a vibrant new chapter for Penn Yan!
Location
State NY
County Yates
Area Penn Yan Village-Milo-573001
Zoning Multi Use
Direction From Main and Elm Street in Penn Yan, proceed North. Building is immediately after Maiden Lane on the left.
Rooms
Basement Full
Interior
Heating Electric, Other, See Remarks
Cooling Other, See Remarks
Flooring Hardwood, Other, See Remarks, Varies
Fireplace No
Exterior
Utilities Available Sewer Connected
Roof Type Other,Rolled/Hot Mop,See Remarks
Building
Story 3
Sewer Public Sewer
Construction Status Existing
Schools
School District Penn Yan
Others
Tax ID 573001-049-067-0001-011-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with 43 North Real Estate LLC
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Staff / Co-Owner | License ID: 10401385142