3 Baths
3,268 Sqft
0.95 Acres

Exceptional Mixed-Use Investment Opportunity in a Prime Location Don't miss this versatile, income-generating property--ideal for investors, entrepreneurs, or owner-occupants. With excellent visibility and high traffic exposure, this property offers outstanding potential in a highly accessible location just minutes from Kingston and Saugerties. The main building features a bright, light-filled ground-floor commercial space, perfect for an office, boutique, or retail use. Previously home to a long-standing delicatessen and later a successful tattoo studio, this flexible space is ready for your next venture. Above the commercial unit is a spacious and well-maintained two-bedroom apartment, complete with a generous living room, dining room, and additional third-floor space--ideal for a home office, studio, or extra storage. Live upstairs while running your business below, or maintain both units as income-producing rentals. Also included is a charming two-bedroom, one-bath cottage on an adjoining parcel. This cozy home offers an enclosed front sunporch, covered rear deck, updated interior, and a spacious kitchen and dining area. Previously used as a rental, it provides immediate income or the opportunity to create a live-work compound. Additional parking at the cottage adds flexibility and potential for expanded commercial use (with proper permits). This unique property blends residential comfort with commercial opportunity--an ideal setup for a variety of uses. A 3D Walkthrough Tour is available in the digital Lookbook or by request.

 

The Upstate Lifestyle at 1950-1958 Ulster Avenue, Lake Katrine

Perfectly positioned in the heart of the Hudson Valley, this property places you within easy reach of some of the region's most compelling destinations — a detail that's just as appealing to savvy investors as it is to those simply looking to live well. A short drive brings you to Kingston, a city that has quietly become one of the most culturally dynamic communities in the Northeast, with art spaces like ArtPort Kingston drawing a creative, design-forward crowd and generating steady foot traffic that bodes well for any short-term rental or hospitality venture. When it's time to unwind, Attune Wellness in Kingston offers Ayurvedic treatments and massage so restorative that guests have described them as "transformational" — the kind of local amenity that makes a property listing sing. Nature lovers will find their rhythm at Falling Waters Preserve in nearby Saugerties, where Hudson River views and well-marked trails offer a daily reset just minutes away. For evenings out, Reginato — a beloved Italian restaurant practically around the corner on Leggs Mills Road — delivers the sort of unhurried, elegant dining experience that makes guests and residents alike feel they've truly arrived somewhere special. And for those who appreciate the Hudson Valley's thriving craft beverage scene, Arrowood Farms in Accord offers a beautifully curated brewery experience complete with live music and sweeping pastoral grounds — the kind of place that keeps guests extending their stays. Whether you're envisioning a personal retreat, a high-performing short-term rental, or a boutique hospitality concept, the lifestyle infrastructure surrounding this property does a great deal of the heavy lifting for you.

Facts & Features
MLS® # 20261786
Price $399,000
Bathrooms 3.00
Square Footage 3,268
Acres 0.95
Year Built 1934
Type Commercial Sale
Sub-Type Mixed Use
Status Active
MLS ucbr
Community Information
Address 1950-1958 Ulster Avenue
Area Ulster-Town Of
City Lake Katrine
County Ulster
State NY
Zip Code 12449
Amenities
Utilities Sewer Connected
Is Waterfront No
Interior
Heating Oil
Has Basement Yes
Basement Full, Storage Space, Unfinished
Fireplace No
Exterior
Exterior Brick, Cement Siding, Concrete, Frame, Vinyl Siding
Lot Description Back Yard, Front Yard
Roof Asbestos Shingle
Construction Brick, Cement Siding, Concrete, Frame, Vinyl Siding
Foundation Block, Combination
Additional Information
Date Listed April 22nd, 2026
Days on Market 29
Zoning 35
Short Sale No
RE / Bank Owned No
Listing Details
Listing Courtesy of Coldwell Banker Village Green
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Purchase & Financing Information

Photo of Nicole Polito

Nicole Polito

Office: 845-679-2255
Cell: 845-430-2045

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Listing information last updated on May 21st, 2026 at 12:50pm EDT.