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Catskill Casino Area Commercial Investment
Bethel
Features
Convenience - Minutes to Catskill Casinos & Bethel Woods Center for the Arts
Assets - Commercial/Mixed-Use Property with parking lot & garage
Profitability - Prime Commercial Location on Route 17B overlooking lake
Income Potential - Commercial Income plus 2-Residential Incomes
Honors - Two Award Winning Restored and Updated Painted-Lady Victorians
Commute - 2-Hours from Lower Manhattan
Potential - Excellent Investment Property
THE PROPERTY
Lot Zoned both Commercial and Residential. Complete Restoration. New electricity, plumbing, windows, heating/air conditioning systems with duct work exist throughout. New Chimneys, fuel oil tanks, hot water heaters. New exterior wood siding. Front and back doors are hand carved Teak wood.6 foot rear extension expands all 3 floors. 2nd and 3rd floors of front house are duplex apartment while first floor is commercial space with separate security alarm. Wooden floors throughout are Bruce pre-finished Oak. Back house is a two bedroom, two bath, year-round home with full basement. Wrap-around porch adds to the beauty.
THE AREA
White Lake is the civic, cultural and commercial center of Bethel N.Y., the fastest growing town in New York State. Bethel, N.Y. is where the historic 1969 Woodstock took place which has now been commemorated by the development of the Bethel Woods Center for the Arts; a grand musical venue featuring such artists as Wynton Marsalis and the New York Philharmonic to name a few. White Lake, N.Y. is located only 3 minutes from Bethel Woods Center for the Arts and 7 minutes from the Catskill Casinos. White Lake itself is a large picturesque body affording many people a peaceful and recreational retreat. White lake is also one of the only motorboat permitted lakes in the county.
THE PACKAGE
Investment potential is limitless as the development of large resort casinos in the Catskills is likely to rival those of Atlantic City and Connecticut. Property offers triple rental incomes, one of which is prime commercial. The property is located directly on Route 17B, the county’s central commercial strip. During summer months population more than triples with the bulk of economic activity centered in and around the White Lake Area. Bethel N.Y. has developed a ground breaking comprehensive plan created to ensure economic growth while retaining the town’s historic character.