5355 New York 23, Windham

$689,000

5 Beds
0 Bath
2,500 Sqft
.24 Acre
0 Garage

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

Essential Information
MLS® #20262874
Price$689,000
Bedrooms5
Bathrooms0.00
Square Footage2,500
Acres0.24
Year Built1965
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address5355 New York 23
AreaWindham
CityWindham
CountyGreene
StateNY
Zip Code12496
School Information
DistrictWind-Ash-Jewett
Additional Information
Zoning01
Listing Details
AgentCarol Shaw
Listing Courtesy of Shaw Country Realty, Inc.
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