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Turnkey Restaurant in Dutchess County

34 Old State Route 22 Wingdale, NY 12594

34 Old State Route 22, Wingdale, NY, 12594
$1,450,000
For Sale
$1,450,000

Fully renovated restaurant with seating for 100 in thriving Hudson Valley.

Property Size3,236 SF
Lot Size1.70 Acres
Price / SF$448.08
Days on Market130

Property Features for 34 Old State Route 22

General Information

Standard status
Active
Size
3,236 SF
Lot size
1.70 Acres
Property subtype
Commercial

Building Details

Year Built
1937
Listing Agency McGrath Realty Inc
Listed by Claudia Jiskra · License #REB.0791807
Source Elliman
Added: Mar 10 Checked: Jul 17 at 6:12 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGrath Realty Inc


Investment Insights

Based on property information with market context.

This is a fully renovated, free-standing restaurant in Dutchess County. The 3,236-square-foot single-level building has seating for 100 guests across multiple dining spaces, a bar area, and outdoor seating on a covered patio. The main dining room features a double-door entry, a bar, and access to the covered patio. A second dining room offers flexibility for larger parties, and a private dining room is suited for special events. A long hallway connects three restrooms and provides secondary access to the patio. The state-of-the-art kitchen is ready to be customized and includes top-of-the-line restaurant equipment. Supporting spaces include a staff bathroom, pantry, and mechanical rooms. The full basement houses multi-zoned HVAC systems, a water filtration system, and dry storage. Multiple parking lots provide ample spaces for patrons and staff. The property is located on Old State Route 22, near Route 22 and Route 55, and less than a mile from the Wingdale Metro North train station. The restaurant is positioned at the crossroads of Dover, Pawling, Millbrook, Amenia, and Millerton to the north, south and west, and New Milford, Kent, Gaylordsville, and Sherman to the east. This move-in-ready property is suitable for an upscale farm-to-table destination, a craft-beer gastropub, or an event venue.

Key Highlights

  • Prime location on well‑traveled Old State Route 22 with high visibility and accessibility, near major routes (22 and 55) and the Wingdale Metro North train station.
  • Turnkey, fully renovated 3,236‑square‑foot free‑standing restaurant with seating for 100 guests, including indoor and outdoor dining spaces.
  • Includes a complete professional build‑out with top‑of‑the‑line restaurant equipment, ready for customization.

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 $81.5k $25.20
− Vacancy −$3.4k −$1.06
EGI $78.1k $24.14
− OpEx −$19.5k −$6.04
NOI $58.6k $18.11
3,236 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$837.0K
$732.4K – $976.5K (±1% cap)
NOI $58,592 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.1K
$852.3K – $1.14M (±1% cap)
NOI $68,187 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Building Supply Big Box & Wholesale Store Auto Repair Shop Parking Lot & Garage Restaurant Hair Salon Spa & Massage Center Kitchen & Bath Showroom HVAC Service Plumbing Service

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

FAQs

What type of property is this?
Conventional restaurant - Fully renovated restaurant with seating for 100 in thriving Hudson Valley.
Where is this conventional restaurant located?
The property is located at 34 Old State Route 22 Wingdale, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location on well‑traveled Old State Route 22 with high visibility and accessibility, near major routes (22 and 55) and the Wingdale Metro North train station.; Turnkey, fully renovated 3,236‑square‑foot free‑standing restaurant with seating for 100 guests, including indoor and outdoor dining spaces.; Includes a complete professional build‑out with top‑of‑the‑line restaurant equipment, ready for customization.
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