Tucked in the Dutchess County hamlet of Staatsburg, this mercantile is the picture of a quintessential country lifestyle. The versatile retail space can function as a café, market, butcher shop, or general store, and features classic touches such as checkerboard tile floors and stainless steel finishes. In addition to the commercial space, this property has two residential income-producing apartments on the second level. The landlord-investor use yields a solid 7.63% cap rate, while an owner-operator business can achieve an impressive 28.32% cap rate based on current business sales.
Mercantile with two residential rental units | 1,952 square foot retail space on .55 acres | Downstairs retail space with potential for multiple uses | N zoning | Outdoor dining setup with picnic tables | Kitchen with commercial appliances and fully equipped deli space including large cold case, three cold prep tables, stainless steel commercial appliances, and a large combination oven | Two residential units: one bedroom, and two bedroom, totaling 1,648 square feet of space | Asking $795,000
See the original listing on Upstate Curious. Asking $795,000. Listed by Kate Quintard, with the Upstate Curious Team at Compass. For inquiries, email kate@upstatecurious.com or call/text (347) 834-6634.
The Mercantile: Retail Space with Outdoor Seating
Make this classic country commercial space into a roadside café, market, butcher shop, general store – or all of the above.
The first floor, an expansive retail space, has timeless charm and an inviting upstate market feel. Rows of retail shelving provide ample ready-to-use space for displays. Additionally, the large walk-in beverage cooler ensures optimal space to store perishable items. The food preparation area is fully equipped with a large cold case, three cold prep tables, stainless steel commercial appliances, and a large combination oven. An array of additional equipment and merchandising decor items are available for separate purchase, providing the opportunity to customize and elevate the space to suit a variety of business ventures.
Above the Shop: Dual Apartments/Residential Units
Two rental units on the second floor present an additional income, or living, opportunity. The first unit, a one bedroom, boasts a newly renovated kitchen, and spacious living area. The second unit, a generous two bedroom, features a contemporary kitchen, new flooring, large living area, and windows that flood the space with natural light. Both units have the potential to bring in rental income, or to serve as the building owner’s residence.
More About the Area: Staatsburg in Dutchess County, NY
Located along the Hudson River, Staatsburg is known for its picturesque landscapes and rich history. Those looking to take a glimpse into the area’s opulent Gilded Age era can visit the Staatsburgh State Historic Site or the nearby Vanderbilt Mansion. For a relaxing day (or weekend) on the Hudson, Mills Norrie State Park offers scenic hiking trails, an 18-hole golf course, tent and cabin camping sites, and access to the Norrie Point Marina. Minutes away, the village of Rhinebeck is home to dozens of thriving businesses and community staples, including Pretty to Think So, Rhinecellar, Mirbeau Inn & Spa, The Amsterdam, The Starr Cinema, and The Center for Performing Arts.
Sitting on Albany Post Road, a heavily traveled road that connects the towns of Red Hook, Rhinebeck, Staatsburg, and Hyde Park, this classic country mercantile sits in a highly visible area across from the Rhinebeck Antique Emporium. Additionally, the proximity to the Amtrack Station at Rhinecliff anchors this retail space in the center of a popular tourist destination.
This post is part of an ongoing series entitled “Calling All Dreamers!” in which we explore four commercial listings for sale, alongside some standout residential listings nearby.
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