The Cannonball Factory

22,000 SF | 100% Leased | Retail Building | Hudson, NY 12534 | $8,500,000 ($386/SF) | 5.28% Cap Rate

Asking Price $8,500,000

Property Type: Retail
Square Feet: 22,000 SF
Price / Square Foot: $386

Listing Contacts

Sean Roland

Verified Profile

Property Info

Property Overview

The Cannonball Factory is an iconic historic industrial warehouse building built in 1871, and is one of the few remaining of this era in the City of Hudson. It has been brilliantly restored by the contractor-owner over the past 15 years, and they are now ready to pass the baton to the next visionary. Located just steps from the busiest blocks of Warren St, and in the Central Commercial district, nearly all uses are permitted - retail, office, residential, events, and more. Each floor can be accessed and leased separately, or can be reimagined as a new company headquarters, boutique hotel, condos or full retail building. The property boasts 22,000 square-feet of renovated space across five floors, and each space has an inspiring feel and fascinating architectural elements. Ceilings height ranges from 9’-15’ and the building is flooded with both South and North facing light. The top fifth floor has a jaw-dropping view Hudson, and it feels almost as if you are perched in an industrial-chic tree house. All structural, masonry and mechanical work has been addressed, and the systems are all exemplary - new windows, standing seam metal roof with solar panels, high efficiency boilers and air conditioning throughout. The property includes a 2,000 SF brick-walled courtyard which could be developed into an additional structure. There is a dedicated parking lot for 16 vehicles with Level 2 electric chargers. This is a truly singular opportunity for an investor, developer or business owner to join Hudson’s booming scene at the epicenter of art, culture, and lifestyle in the Hudson Valley.

Property Details

Class: C
Year Built/Renovated: 1870/2014
Stories: 5
Property Subtype: Storefront Retail/Office, Loft/Creative Space, Office/Residential, Office Live/Work Unit
Lot Size (sq. ft): 16,117 SF

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