Located in the historic district on busy Main Street (aka Route 209) in Stone Ridge, NY, this beloved property spans 3.4 landscaped acres and includes two buildings. In the front of the property, a mixed-use converted church is leased by Marbletown Multi-Arts, a popular yoga and dance studio. Behind it, a newly constructed yurt is used for events and ceremonies. Last, a spacious 2-bedroom apartment off the side entrance provides additional income. Three potential income streams at this super central, very unique property offers a compelling opportunity: current rents yield a 7% cap rate, with potential to reach 10% at market value.

3.4 acre property with 4,320 square foot main building, a mixed-use converted church | Seating and retail space with a bar and two bathrooms | 2-bedroom apartment with wood accents, new appliances, and a wood-burning stove | Newly constructed 1,300 square foot yurt used for events, generating $87k annually | B1 Neighborhood Business District zoning | $4,600 total monthly rental income | Full parking lot with 54 spaces | Large fire pit with sitting stumps | Newly constructed wood shed |

See the original listing on Upstate Curious. Asking $1,499,000. Listed by Kate Quintard and Leigh Bokser, with the Upstate Curious Team at Compass. For inquiries, email kate@upstatecurious.com or leigh@upstatecurious.com or call/text (347) 834-6634 (Kate) or (917) 327-4882 (Leigh).

Main Building: Converted Church Ready for Multiple Ventures

What was once an old church was lovingly renovated and transformed into a commercial space. The best details were kept intact, including beautiful stained glass windows and arched doorways. On entrance, a seating and retail space is also equipped with a bar, plus two commercial bathrooms. The. church’s main space features oversized mirrors and ballet bars, smooth wood floors, tall ceilings, and ethereal lighting. While perfectly setup as a yoga studio, new ownership could easily add in a juice or coffee shop component.

Off the side of the main building, an unassuming entrance opens up to a spacious two bedroom apartment. Adorned with gorgeous wood accents, a large open living space with dining room, new appliances, and a wood burning stove, this is a rare gem perfect to add income or be an owner/operator unit.

Upstairs Choir Pit: Grand Touches, Extra Floorspace

The renovated second floor choir pit features many original touches, including stained glass windows and grad arches. Photo: William Kaner

In its previous life as a church, the second story was a choir pit overlooking the main floor. These days, it’s a large open floor space, accented by arches and stained glass. This whole building is currently leased by Whole Sky Yoga, and has become a very popular and beloved studio in the area for the past 7 years.

Newly Constructed Yurt: The Tour de Force

The gem of this property is the newly constructed 1300 sq ft Kiva, or yurt. Photo: William Kaner

With radiant heated floors, excellent soundproofing and system installed, and the overhead circular skylight, the space needs little to speak volumes. Currently managed by the owner under the business MaMA, the space is consistently rented out, and is available by the hour or day for events, classes, and performances to name a few. The yurt consistency brings in $87k annually, and is projected to be closer to $100k next year. Behind the yurt lies more opportunity for expansion: extra acreage extends into a perfect flat area, perfect for an open amphitheater or glampsite construction.

More About the Area: Stone Ridge in Ulster County, NY

Sought-after Stone Ridge is a key location for those looking for village convenience with proximity to rural living Photo: William Kaner

Stone Ridge is a town steeped in history, and as its name implies, beautiful stone all around. Known for its old stone houses, beautiful scenery, and architecture, this picturesque town also is known for its restaurants and antique shops.

Situated in the middle of Ulster County, Stone Ridge is in close proximity to the Mohonk Preserve, Minnewaska State Park, and the Catskills. During the summer, hiking to the Mohonk Preserve’s Split Rock swimming hole, or Awosting Falls in Minnewaska State Park, provide relief from the heat (and stunning views). The Ashokan Reservoir is a short drive from town, and is the perfect place for a leisurely walk over the water.

Standout businesses in the area include Stone Ridge Orchard, Hasbrouck House, Field and Barn, Homegrown Floriculture, Cherries Ice Cream, Upstate Taco, and Hash. For even more businesses, the nearby towns of High Falls, Accord, and Rosendale are home to many Ulster County staples, including Ollie’s Pizza, Skate Time, and Clubhouse Vintage. MaMA’s proximity to nature and popular businesses makes it the ideal spot for a budding new business venture.

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.

See the full series and sign join us over at Escape Club!

For transparency, Escape Brooklyn is a real estate advertising service and may have been paid for this ad. We carefully curate potential paid advertisers; all features are hand-picked and thoughtfully considered.