Historic Mill Pond Inn &
102 Main Street Jefferson, NY 12093
102 Main Street, Jefferson, NY, 12093
$1,300,000
For Sale
$1,300,000
Iconic, historic property with hospitality, restaurant, and event space.
Property Size5,429 SF
Price / SF$239.45
Days on Market697
Property Features for 102 Main Street
General Information
- Standard status
- Active
- Size
- 5,429 SF
- Property subtype
- Commercial Sale / Business
Building Details
- Year Built
- 1879
Listing Agency
The Catskill Dream Team
(917) 558-0447
Listed by
Margaret Bellar · License #10331200183
(917) 558-0447
Source
Compass
Added: Aug 21, 2024 Checked: Jul 17 at 5:28 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 The Catskill Dream Team
Investment Insights
Based on property information with market context.
The Mill Pond Inn & Tavern, a historic property in Jefferson, NY, was originally built in 1879 as a grain and saw mill. Meticulously restored in 2018, the property preserves its history while updating all systems. The main dining room and event space accommodates up to 100 guests, with an additional 42 seats and bar on the deck overlooking the pond. The tavern area provides seating for 31. The seasonal Carriage House seats 75-100 and features a wood/gas-fired pizza oven and full bar, suitable for weddings, live music, private events, and pizza nights. The inn features five guest suites with private baths on the second floor, along with a dedicated laundry and service room. A walking path with a waterfall encircles the pond. The property has 100 parking spaces, plus additional staff parking. Located in Jefferson, recently added to the National Register of Historic Places, the property is positioned to cater to skiers, hikers, baseball enthusiasts, and city dwellers. The property offers potential for expansion into weddings, retreats, and destination events. The building size is 5429 square feet.
Key Highlights
- Historic landmark meticulously restored in 2018 with updated systems.
- Turnkey, fully operational Inn & Tavern with established business and loyal clientele.
- Multiple dining and event spaces including a main dining room, deck, tavern, and seasonal Carriage House.
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 | $107.5k | $19.80 |
| − Vacancy | −$7.2k | −$1.33 |
| EGI | $100.3k | $18.47 |
| − OpEx | −$25.1k | −$4.62 |
| NOI | $75.2k | $13.86 |
5,429 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$940.2K – $1.25M
NOI $75,219 @ 7.0% cap · market cap 5.79%
Second Best
Hotel Hospitality
$414.3K
$362.5K – $483.4K
NOI $29,003 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,263 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mill Pond Inn
Bed & Breakfast
FAQs
What type of property is this?
Bed & breakfast - Iconic, historic property with hospitality, restaurant, and event space.
Where is this bed & breakfast located?
The property is located at 102 Main Street Jefferson, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Historic landmark **meticulously restored in 2018** with updated systems.; Turnkey, fully operational Inn & Tavern with established business and loyal clientele.; Multiple dining and event spaces including a main dining room, deck, tavern, and seasonal Carriage House.
