Embrace a piece of history with this iconic gem at the northern end of Main Street. The majestic “Arcade Building” stands as a beacon of opportunity, featuring at least three retail spaces with the potential for more if expanded down the grand hall. Whether you’re envisioning a boutique hotel, stylish apartments, or a unique destination venue, this multi-use property offers endless possibilities.
The building’s grandeur is accentuated by its sweeping staircase leading to a spacious second floor, perfect for hosting special events. A stunning skylight lights both floors, enhancing the high ceilings and expansive rooms throughout. The third floor offers two huge spaces – perfect for loft living with views over the surrounding village.
Sold as-is, this property requires some TLC but comes with the added benefit of DRI grant funding availability and includes comprehensive hotel plans. Don’t miss your chance to transform this historic landmark into a vibrant new chapter for Penn Yan!
