$699,000

Incredible entrepreneur or investor opportunity on the high-traffic Route 44/55 corridor in downtown Modena! This rare 0.90-acre, 3-building compound across 2 lots features versatile BD-40 zoning with a legally grandfathered, pre-existing non-conforming residential use. Even better, it enjoys a massive zoning advantage: because the existing footprint is established, it is exempt from the standard 300-foot centerline setback. The property includes a breathtaking historic church with striking stained-glass windows, genuine hardwood floors, soaring open ceilings, a 2nd-floor mezzanine, and masterful trim work. Adjacent is a massive assembly hall featuring a gymnasium, stage, kitchen, hall, and meeting rooms. Set to the side is a charming 3BR parsonage farmhouse with a front porch and back deck—perfect to live in rent-free while running your business, or to rent out for steady income. Both the church and parsonage received new roofs in 2015. With an ample parking lot, potential structure expansion, and an extensive list of permitted uses (daycare, studio, retail, office, multi-unit rental), this property just needs your vision. Live, work, or lease in a high-visibility Hudson Valley hotspot! Per the appraiser’s measurements, the property includes a 3,370-square-foot church, a 6,078-square-foot assembly hall, and a 1,281-square-foot parsonage. The property is offered at a price significantly below its recent appraised value due to its current condition and the necessary improvements. It consists of two lots: 101.1-2-3, comprising of 0.3 acres with the church, and 101.1-2-4, comprising of 0.6 acres with the assembly hall and parsonage. 2nd Parcel ID # 4200-101.001-0002-004.000-0000. The estimated full market value is $1,543,636. according tu Ulster County public records.