107 Union Street -- Cobleskill NY
Retail store -- 5,000 square feet -- prime business location
$179,000

This one-story concrete block building is located in the downtown business district and for many years was a gift shop. More recently, it was the home of an arts council, gallery, and sales shop.

The building is one-half block off Main Street, next to the post office. The public library is opposite the post office. The location has on-street parking, a free municipal parking lot is across the street, and another is located on the far side of the post office.

The store has about 4,000 square feet of retail space and about 1,000 square feet storage. Two large display windows flank the double doors. The street-level access makes it easy for wheelchairs and other handicapped. The floor is concrete.

The property has a small kitchen with refrigerator and two lavatories. Oil hot-air heat, air conditioning, one-piece rubber roof is watertight. Concrete floor is still partly tiled and has been painted. Carpet can be installed over the concrete and remaining tile. A rear entry provides access for loading-unloading and small parking area for owner/operator.

Retail area includes a skylight, small partitioned office, and a small soundproof room in rear that was built for a music shop tenant.

2008 taxes: county-town, $1,933; village $1,348; school $3,624.

This property is assessed at $156,800. At the current equalization rate, the "true-value" assessment is a little over $200,000. During the recent recession, a potential buyer negotiated a lower, non-brokered, "as-is" price.We are offering the property at a realistic price of $179,000. The building is sturdy and serviceable with many good years of life. The space is wide-open and ready for whatever renovations and modifications the buyer will want to make.

Contact Matt Loder at Country Boy Realty, Cobleskill, 234-4371, or your Capital District MLS broker. Matt will gladly open the building for inspection by your builder, architect, or inspector, to help you decide what you need to do, and will consider your "as-is" offer.