Banquet/Restaurant Opportunity on Busy
963 Kings Hwy Saugerties, NY 12477
963 Kings Hwy, Saugerties, NY, 12477
$869,000
For Sale
$869,000
Established banquet and restaurant facility with high-end kitchen equipment.
Property Size2,448 SF
Lot Size3.45 Acres
Price / SF$354.98
Days on Market132
Property Features for 963 Kings Hwy
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Lot size
- 3.45 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agency
WIN MORRISON REALTY
(914) 388-3334
Listed by
Winton J Morrison
(914) 388-3334
Source
Elliman
Added: Mar 12 Updated: Jul 6 at 12:27PM Checked: Jul 21 at 9:02AM
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 WIN MORRISON REALTY
Investment Insights
Based on property information with market context.
This property features an established banquet and restaurant facility located on a busy road, presenting opportunities for a food and beverage business. The first building, upgraded in 2001, offers 2000 square feet and includes high-end professional kitchen equipment, including pizza ovens. A second building, constructed in 2015, provides 2448 square feet and features a bar and dining area.
Key Highlights
- Established catering company with banquet/restaurant potential.
- High‑end professional kitchen equipment including pizza ovens.
- Two buildings: a 2000 sqft building upgraded in 2001 and a 2448 sqft building built in 2015.
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 | $44.1k | $18.00 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $42.2k | $17.24 |
| − OpEx | −$10.6k | −$4.31 |
| NOI | $31.7k | $12.93 |
2,448 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$452.3K
$395.8K – $527.7K
NOI $31,660 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.89M
$20.03M – $26.71M
NOI $1,602,518 @ 7.0% cap · market cap 184.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Stone Pony Catering ...
Take-out & Catering
LibertyX Bitcoin ATM
Atm
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FAQs
What type of property is this?
Conventional restaurant - Established banquet and restaurant facility with high-end kitchen equipment.
Where is this conventional restaurant located?
The property is located at 963 Kings Hwy Saugerties, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Established catering company with banquet/restaurant potential.; High‑end professional kitchen equipment including pizza ovens.; Two buildings: a 2000 sqft building upgraded in 2001 and a 2448 sqft building built in 2015.
