This 5.97 acre property is made up of three contiguous parcels along the picturesque Kauterskill Creek near the commercial district of Palenville, NY. All three lots are being sold together. On the first parcel with valuable frontage along 32A, is the former Rainbow Hotel built in 1946 hotel which requires full rehabilitation or to be replaced with a new structure. The second parcel has an existing 3 bedroom cabin and the large open area in front of this cabin has a filled in swimming pool. The third parcel has 11 guest cabins in varying conditions circling around a large open area. As part of your redevelopment plan, and with the necessary approvals, you can join the boutique hotel revolution happening in New York's Hudson Valley or create a rental community. Palenvillas! You can add a direct pathway down to the water to enjoy one of Upstate New York's greatest pleasures, a natural swimming hole! Palenville is in close proximity to Windham, Belleayre, and Hunter Mountains for skiing, hiking and all outdoor sports. It is also close to dining and other area amenities, and the HITS Horse Show grounds. Guests will have a short drive to Saugerties and further on to Woodstock and Kingston. The opportunity to develop this fantastic waterfront property with Route 32A road frontage should not be missed!
Seize this golden opportunity to own and cultivate this beautifully restored turn-key venue, hotel, pub and restaurant in the heart of the Great Northern Catskills, complete with nine well-appointed guestrooms, outdoor and indoor event space, two custom oakwood bars, a world-class stage, vintage food truck, large commercial/catering kitchen and large prep and storage basement. This remarkable property offers an unparalleled experience for both guests and proprietors alike. Imagine hosting unforgettable weddings, rockin' concerts, lively community gatherings, and intimate getaways, all in a setting that seamlessly blends historic charm with modern amenities. The lush surrounding landscapes provide a picturesque backdrop for any occasion, while the meticulously restored interiors offer comfort and elegance. From the expansive hemlock fenced-in lawn and gardens you and your guests can soak up the stunning mountain, sunset, and waterfall views of historic Kaaterskill Clove, site of many of Thomas Cole and his Hudson River School's most iconic landscape paintings. At the Gateway to Ski Country and just across the street from award-winning foodie destination Circle W Sandwich Shop & General Store, Griffin House is ideally located at the junction of Routes 32a and 23a (one of the busiest corridors in Upstate NY) just a stone's throw to world famous Kaaterskill Falls, Hunter and Windham Ski Resorts, North/South Lake State Park, and the cultural, culinary and shopping meccas of Woodstock and Hudson. Moreover, the venue's strategic location in the Great Northern Catskills ensures a steady stream of visitors year-round, drawn by the region's natural beauty, recreational activities, and cultural attractions. As the new owner, you'll become a cherished part of this vibrant community, with the opportunity to create lasting memories for your guests and forge lifelong connections. Don't miss your chance to step into a thriving business and a lifestyle filled with endless potential.
The median home value in Palenville, NY is $200,000. This is lower than the county median home value of $298,100. The national median home value is $338,100. The average price of homes sold in Palenville, NY is $200,000. Approximately 57.14% of Palenville homes are owned, compared to 19.21% rented, while 23.65% are vacant. Palenville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palenville real estate agent to arrange a tour today!
Palenville, New York has a population of 856. Palenville is less family-centric than the surrounding county with 19.66% of the households containing married families with children. The county average for households married with children is 26.95%.
The median household income for the surrounding county is $62,810 compared to the national median of $69,021. The median age of people living in Palenville is 50.5 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 45.4 inches per year, with 47.6 inches of snow per year.