Investment and Development Opportunity

15-17 Kelly Lane Pine Bush, New York 12566 United States

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 sqft. 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.