Restaurant Space with Patio
923 State Route 32 Highland Mills, NY 10930
923 State Route 32, Highland Mills, NY, 10930
$425,000
For Sale
$425,000
COMMERCIAL - Highland Mills, NY
Property Size2,600 SF
Lot Size0.21 Acres
Price / SF$163.46
Days on Market213
Property Features for 923 State Route 32
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CR
- Rooms
- Basement
- Basement
- Partial, Storage Space
- Appliances
- Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater
- Standard status
- Active
- APN
- 335809-203-000-0001-007.100-0000
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12195
Utilities
- Utilities
- Propane
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Well
Building Details
- Building materials
- Frame
Listing agency
Keller Williams Realty
(845) 928-8000
Listed by
Craig Pelsue
(845) 527-5572
Added: Dec 22, 2025 Updated: Jul 17 at 11:45PM Checked: Jul 23 at 5:06AM
MLS# 945796
Copyright © 2026 OneKey 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 for-sale restaurant space is ready for a new operator, but it is not currently operating and will require a new certificate of occupancy from the town. The property includes a main dining area, a separate banquet area, and an ADA-compliant restroom. Commercial kitchen components have been cleaned, including the hoods and stovetops, and a recent fire inspection has been completed.
The layout also features additional seating on an approximately 1,000 SF patio area. Off-street parking is available for more than 25 vehicles. The property is zoned CR.
With the kitchen systems cleaned and the most recent fire inspection completed, the space is positioned for reopening once the new C/O is issued.
The layout also features additional seating on an approximately 1,000 SF patio area. Off-street parking is available for more than 25 vehicles. The property is zoned CR.
With the kitchen systems cleaned and the most recent fire inspection completed, the space is positioned for reopening once the new C/O is issued.
Key Highlights
- 2600 SF restaurant space; not currently operating and will need new C/O from the town
- Off‑street parking for over 25 vehicles
- 1,000 SF patio area for additional seating
Local Financial Insights For Specialty Retail
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 | $31.2k | $12.00 |
| − Vacancy | −$1.1k | −$0.41 |
| EGI | $30.1k | $11.59 |
| − OpEx | −$7.5k | −$2.90 |
| NOI | $22.6k | $8.69 |
2,600 SF · lease $12.00/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 5.32%
Second Best
Industrial
$303.0K
$265.1K – $353.5K
NOI $21,209 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$880.6K
$770.5K – $1.03M
NOI $61,641 @ 7.0% cap · market cap 14.50%
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 - Former restaurant space with off-street parking, ADA restroom, banquet area, and additional patio seating.
Where is this conventional restaurant located?
The property is located at 923 State Route 32 Highland Mills, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2600 SF restaurant space; not currently operating and will need new C/O from the town; Off‑street parking for over 25 vehicles; 1,000 SF patio area for additional seating
