$3,475,000
( $695.00Per Sq Foot )
 $18,655 est/mo Sourced by Back At You

1725 Route 9w,Milton, NY 12547

Milton, NY 12547

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Description

For over a century, The Ship Lantern Inn has been one of the Hudson Valley’s most recognizable fine-dining destinations, offering a rare opportunity to acquire an iconic property with an extraordinary history. Situated on approximately 8.6 acres across two tax parcels along highly traveled Route 9W, the offering includes the established restaurant property, extensive parking, five residential homes, and six income-producing rentals. The restaurant features multiple distinctive dining spaces, a substantial commercial kitchen, outdoor entertaining areas, and established vegetable and herb gardens that complement the region’s celebrated farm-to-table culture. Municipal water, natural gas, prominent visibility and approximately 19,000 vehicles passing daily provide valuable infrastructure and exposure for continued hospitality use or future redevelopment. Conveniently located approximately 15 minutes from Metro-North service in both Beacon and Poughkeepsie, the property is positioned within a growing Hudson Valley destination market surrounded by wineries, orchards, historic attractions and acclaimed hospitality experiences. Offered at $3,475,000, this is a once-in-a-generation opportunity to continue the legacy of a Hudson Valley institution or thoughtfully create its next chapter. SEE BROCHURE FOR MORE INFORMATION.

Details

MLS #1039178
Listing TypeFor Sale
StyleOther
Sub-TypeResale
StatusActive
Year1925
Days On Site29
Listing Provided ByCentury 21 Alliance Rlty Group | John DeMarco

Features

SQ Feet5,000
BasementY
Units7
Building(s)6
ZoningRAG1
Acreage8.60

Interior

CoolingCentral Air
HeatingHot Water

Exterior

Security FeaturesBuilding Security
Construction MaterialsAdvanced Framing Technique, Batts Insulation, Fiberglass Insulation
Lot FeaturesCorner Lot, Landscaped, Level, Private, Sloped

Utilities

UtilitiesCable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Trash Collection Private, Water Available, Water Connected
SewerSeptic Tank

Taxes

Tax Year2025
Tax Assessed Value580500
Tax Annual Amount24434.76
Tax Lot12

Area Information

StateNY
CountyUlster County
CityMilton
Zip Code12547
School DistrictMarlboro Central High School
Elementary SchoolMarlboro Elementary School
High SchoolMarlboro Central High School
Listing VS Median (in 12547)
Price:
$3,475,000
low | high
Med:
$512,000
100% of Average
sqft:
5,000
low | high
Med:
1,541
100% of Average
$ / sqft:
$695
low | high
Med:
$339
100% of Average
On site:
29
low | high
Med:
21
100% of Average
Sourced by Back At You

Market Activity 12547

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Learn More About This Property

StateNY
CountyUlster County
CityMilton
Zip Code12547
School DistrictMarlboro Central High School
Elementary SchoolMarlboro Elementary School
High SchoolMarlboro Central High School
Listing VS Median (in 12547)
Price:
$3,475,000
low | high
Med:
$512,000
100% of Average
sqft:
5,000
low | high
Med:
1,541
100% of Average
$ / sqft:
$695
low | high
Med:
$339
100% of Average
On site:
29
low | high
Med:
21
100% of Average
Sourced by Back At You
Listing Updated: August 16, 2026 at 2:26:53 AM PDT