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    5335 State Route 23 Windham, NY 12496

    For Sale
    $1,125,000

    COMMERCIAL - Windham, NY

    Property size:
    5,300 SF
    Lot size:
    0.14 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 5335 State Route 23

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Rest
    Rooms
    Bathroom 1, Basement, Bathroom 2
    Bathrooms
    2
    APN
    37
    Exterior features
    Awning(s), Private Entrance
    Basement
    Storage Space, Interior Entry
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Wine Refrigerator, Warming Drawer, Refrigerator, Range, Gas Range, Exhaust Fan, Dishwasher, Bar Fridge
    Size
    5,300 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2
    Flooring type
    Vinyl, Varies, Tile
    Building materials
    Frame, Wood Siding
    Roof type
    Shingle, Asphalt

    Coldwell Banker Village Green Realty [email protected]

    Listing agent Lisa Jaeger (518) 755-2573

    Listing date Nov 1, 2025

    Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Thriving Restaurant and Apartments

    Located in the heart of Windham, New York, this property features a restaurant and bar with two apartments. The restaurant, Lilly's Steak and Cocktails, is situated on Main Street, offering high visibility, street parking, and handicap accessibility. The restaurant accommodates up to 98 guests in its bar and dining room, along with a private dining room. A back deck provides views of Mad Creek and the Batavia Kill. The commercial kitchen includes updated appliances, prep areas, storage, and dishwashing facilities. Renovated public restrooms, A/C mini splits, and a modern POS system are included. The property also includes two apartments that generate rental income. The restaurant is a high-profile location with robust income. The seller is willing to provide training and support to ensure a smooth transition. The property is suitable for a restaurateur, investor, or chef-owner looking to capitalize on Windham's tourism and Main Street scene. The building size is 5300 square feet and the lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Building Supply Wholesale Shop Dental Office Realty agency Spa & Massage Hair Salon Clothing Store Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Greene
    State
    New York
    Longitude
    -74.249692
    Latitude
    42.307543

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    FAQs

    What type of property is this?
    Restaurant - Profitable restaurant with two apartments in Windham, NY.
    Where is this restaurant located?
    The property is located at 5335 State Route 23 Windham, NY.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Profitable restaurant with robust income and proven financial performance (P&L statements available).; - Prime Main Street location in desirable Windham, NY, with high visibility, easy parking, and handicap accessibility.; - Two upstairs apartments generating nearly $4,000 per month in rental income.
    (518) 755-2573
    Request Owner's contact information
    5335 State Route 23 Windham, NY 12496
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    Windham, NY 12496
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5335 State Route 23 Windham, NY 12496
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