RateMyAgentGo to search
Back 5355 State Route 23
Active

5355 State Route 23

Windham NY 12496

5
2500 sq. ft.
10454.4 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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

Features

5 bedrooms
2500 sq. ft. floor area
10454.4 sq. ft. lot size
Multi-Family

Happy sellers in Windham

~%

We have insufficient information to provide an overview of customer satisfaction for Windham. Viewing the agent profiles, reviews and sales for Windham can provide insights for this location.

Local market activity for 5 bedroom multi families in Windham

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap