5355 New York 23, Windham, NY 12496
- Beds
- 5
- Sqft
- 2,500
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Overview
CALLING INVESTORS - PRIME WINDHAM VILLAGE OPPORTUNITY
Rare opportunity in the heart of Windham Village with exceptional commercial and residential development potential. Positioned in one of the Catskills' most desirable four-season destinations, this property offers investors the chance to capitalize on the continued growth and popularity of Windham.
Windham is truly ''the place to be,'' attracting visitors year-round with its breweries, restaurants, movie theater, live entertainment venues, walking paths, golf, and outdoor recreation -- all just minutes to skiing at Windham Mountain Club.
This property presents tremendous upside potential for:
• Mixed-use commercial/residential development
• Retail with upscale apartments above
• Boutique hospitality or vacation rental concepts
• Restaurant, brewery, or entertainment venue
• Expanded multi-unit residential use
A major value-added component already exists through participation in the NYC Watershed/CWC flood mitigation program. The current ownership has completed the first three phases of approvals and applications, positioning the project for construction application status. Approximately 3/4 of associated cost is covered for:
• Elevating the building due to flood zone
• Constructing a new foundation
• Relocating utilities to the first floor
To preserve continuity within the approved program, ownership is structured through 5355 Main Street, LLC, allowing a purchaser to step directly into the existing approval process and benefits already secured.
Additionally, prior approvals from the Town of Windham included:
• A rear addition
• Expanded first-floor commercial space
• Relocation of apartments to upper levels
Ownership was also advised that a future third floor of apartments would likely receive approval, creating even greater residential income potential.
With strong tourism, growing demand, and limited village inventory, this is a strategic opportunity for investors and developers seeking a high-visibility property with approvals, infrastructure planning, and substantial upside already in motion
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 5
- Square feet
- 2,500
- Lot size (acres)
- 0.24
- Year built
- 1965
Taxes
- Tax Annual Amount
- $3,836
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Hudson Valley Catskills/Ulster County MLS MLS®#: 20262874 Last checked: …

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