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.
| MLS # | 1039178 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 29 |
| Listing Provided By | Century 21 Alliance Rlty Group | John DeMarco |
| SQ Feet | 5,000 |
|---|---|
| Basement | Y |
| Units | 7 |
| Building(s) | 6 |
| Zoning | RAG1 |
| Acreage | 8.60 |
| Cooling | Central Air |
|---|---|
| Heating | Hot Water |
| Security Features | Building Security |
|---|---|
| Construction Materials | Advanced Framing Technique, Batts Insulation, Fiberglass Insulation |
| Lot Features | Corner Lot, Landscaped, Level, Private, Sloped |
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Trash Collection Private, Water Available, Water Connected |
|---|---|
| Sewer | Septic Tank |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 580500 |
| Tax Annual Amount | 24434.76 |
| Tax Lot | 12 |
| State | NY |
|---|---|
| County | Ulster County |
| City | Milton |
| Zip Code | 12547 |
| School District | Marlboro Central High School |
| Elementary School | Marlboro Elementary School |
| High School | Marlboro Central High School |
| Listing VS Median (in 12547) | |
Price: $3,475,000 low | high Med: $512,000 sqft: 5,000 low | high Med: 1,541 $ / sqft: $695 low | high Med: $339 On site: 29 low | high Med: 21 | |
| State | NY |
|---|---|
| County | Ulster County |
| City | Milton |
| Zip Code | 12547 |
| School District | Marlboro Central High School |
| Elementary School | Marlboro Elementary School |
| High School | Marlboro Central High School |
| Listing VS Median (in 12547) | |
Price: $3,475,000 low | high Med: $512,000 sqft: 5,000 low | high Med: 1,541 $ / sqft: $695 low | high Med: $339 On site: 29 low | high Med: 21 | |