Historic Inn & Restaurant
120 Main Street Cherry Valley, NY 13320
120 Main Street, Cherry Valley, NY, 13320
$549,000
For Sale
$549,000
COMMERCIAL - Cherry Valley, NY
Property Size5,048 SF
Lot Size4.25 Acres
Price / SF$108.76
Days on Market193
Property Features for 120 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Patio and Porch features
- Deck, Patio
- Standard status
- Active
- Lot size
- 4.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14537
Utilities
- Sewer type
- Septic Tank
- Heating system
- Hot Water(Heating), Baseboard, Oil, Coal
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Flooring type
- Linoleum, Hardwood, Carpet
- Building materials
- Wood Siding
- Roof type
- Asphalt
Listing agency
COOPERSTOWN BROKERS LLC
Listed by
Michelle Barry
Added: Jan 10 Updated: Jul 12 at 4:34PM Checked: Jul 22 at 2:06AM
MLS# 11628779
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes the historic Tryon Inn and Back Door Bar, presented as a turnkey operation that has been fully renovated. The tavern/restaurant space includes a 129-seat restaurant and a 34-seat bar, along with an outdoor patio seating area for 32 in warm months. A large, fully equipped commercial kitchen supports day-to-day operations, and the property is described as having been updated and kept up to date. Parking is included, and both indoor and outdoor space are positioned for social gatherings and events.
The property is located on Main Street in Cherry Valley, identified in the remarks as the heart of the historic village. The site is also described as being set up for visitors traveling along scenic Route 20. In addition to the tavern building, the property includes a separate, freestanding inn building built circa 1800 that is not currently operating and needs restoration or renovation.
For an owner-operator or an operating group seeking a restaurant-and-bar business with a turnkey interior, the renovated tavern establishment provides an immediately usable kitchen and dining/bar layout. The separate inn structure offers an additional asset on the same site, but restoration is required before it can operate as an inn. The overall site size is described as 4.25 acres, with 5,048 square feet in the tavern building alone and an additional 2,400 square feet in the inn building over two stories.
The property is located on Main Street in Cherry Valley, identified in the remarks as the heart of the historic village. The site is also described as being set up for visitors traveling along scenic Route 20. In addition to the tavern building, the property includes a separate, freestanding inn building built circa 1800 that is not currently operating and needs restoration or renovation.
For an owner-operator or an operating group seeking a restaurant-and-bar business with a turnkey interior, the renovated tavern establishment provides an immediately usable kitchen and dining/bar layout. The separate inn structure offers an additional asset on the same site, but restoration is required before it can operate as an inn. The overall site size is described as 4.25 acres, with 5,048 square feet in the tavern building alone and an additional 2,400 square feet in the inn building over two stories.
Key Highlights
- Historic tavern/restaurant on Main Street includes a 129‑seat restaurant plus a 34‑seat Back Door Bar
- Outdoor patio seating for 32 in warm months, with deck and patio features
- Total real estate includes 5,048 sq ft in the tavern building on a 4.25‑acre lot, plus a separate two‑story Inn building with 2,400 sq ft
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.9k | $18.00 |
| − Vacancy | −$22.7k | −$4.50 |
| EGI | $68.1k | $13.50 |
| − OpEx | −$35.8k | −$7.09 |
| NOI | $32.4k | $6.41 |
5,048 SF · lease $18.00/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$998.8K
$874.0K – $1.17M
NOI $69,916 @ 7.0% cap · market cap 12.74%
Second Best
Hotel Hospitality
$462.4K
$404.6K – $539.5K
NOI $32,370 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,406 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar with indoor dining, bar seating, outdoor patio, and a separate inn building awaiting restoration.
Where is this conventional restaurant located?
The property is located at 120 Main Street Cherry Valley, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Historic tavern/restaurant on Main Street includes a 129‑seat restaurant plus a 34‑seat Back Door Bar; Outdoor patio seating for 32 in warm months, with deck and patio features; Total real estate includes 5,048 sq ft in the tavern building on a 4.25‑acre lot, plus a separate two‑story Inn building with 2,400 sq ft
