Turnkey Restaurant in Dutchess
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
(914) 447-3761
Listed by
Claudia Jiskra · License #REB.0791807
(914) 447-3761
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
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
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
Similar For Sale Nearby
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.