Historic Waterfront Property on Ausable River For Sale.

Keeseville, NY

Michael R. Franklin
Licensed Real Estate Broker
(o) 315-876-2262
Mike.Franklin@FranklinRuttan.com

DATA

Property

The property for sale will contain 0.75 acres, bordered on the north by Adirondack Architectural Heritage’s Stone Office Building parcel; on the east by approximately 315 feet of frontage on the Ausable River; on the south by the Town of Ausable Park, and on the west by approximately 200 feet of frontage on Ausable Street.


Utilities

Village water and sewer are available at the edge of the property. The commercial utilities’ electric, phone, and cable lines are available at the edge of the property.


Parking

A parking area or areas for up to 10-12 cars will be available on the property.

There is also public, curbside parking on the adjoining Ausable and Main Streets.

An additional parking area is available across Ausable Street, about 500 feet from the property. This parcel, which is owned by the Seller, has parking space available for about 40 additional vehicles. The purchaser of the Stone Mill will have an option to purchase this parcel for an additional $10,000. If the purchaser has no need for additional parking—for example, if the purchaser intends to use the Stone Mill for a residence and/or small home business, then they need not exercise this option.


Price

Sales price: $295,000.

Owner-financing will be considered, for example, $50,000 down, balance as though a 20-year mortgage at 3.5% interest; balloon payment in full after five years.


Time Line and Approvals

It is expected to take from six to nine months for AARCH to clean up the site, obtain all necessary permits, and be ready to convey the Stone Mill property. The purchaser who, at the present time, enters into a contract with AARCH to purchase the property will have full guarantees regarding intended uses, permits, and condition of the property to be conveyed, so that if said guarantees cannot be fulfilled in a reasonable time frame, the purchaser may withdraw and the deposit will be returned in full.

 

Historic Preservation Covenants

Both AARCH’s Stone Office Building and Stone Mill are located within Keeseville’s National Historic District and, as such, are listed on the U.S. Department of the Interior’s National Register of Historic Places. This honor comes in recognition of Keeseville’s many intact 19th century, stone and brick buildings surviving from the heyday of Keeseville’s prosperity, demonstrating significant architectural quality and historical integrity.

To be sure that the Stone Mill retains its architectural character, the property being conveyed will have a number of historic preservation covenants written into the deed which will protect the main exterior features of the building and site. AARCH recognizes that some changes to the exterior, such as roofing, weather efficient windows, and the creation of porches and decks, new entrances and exits may need to be made for future adaptive uses or to meet health, safety and accessibility requirements, so the covenants will be reasonable and written in a way that will reassure the new owners that they will be able to achieve their goals. This is AARCH’s business—helping owners of historic properties retain the qualities that make their buildings special and unique, while adapting them for current and future uses.


Broker

To arrange a viewing of the Stone Mill, contact:

Mike Franklin, broker
Franklin Ruttan Realtors
1406 North State Street
Syracuse, NY 13208
(315) 876-2262
Mike.Franklin@franklinruttan.com

(Co-brokerage is welcomed.)

Or contact:
Steven Engelhart, Executive Director
Adirondack Architectural Heritage
1745 Main Street
Keeseville, NY 12944
(518) 834-9328
steven@aarch.org

 

  • Franklin Ruttan Unique Property Specialists
  • Broker: Franklin Ruttan 1406 North State Street Syracuse, NY 13208
    (O) 315.876.2262 E-Mail: info@FranklinRuttan.com
  • Broker fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

 

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