Turnkey Restaurant with
For Sale
$749,000
28 Raceway Road, Monticello, NY 12701
Restaurant business offered with a fully operational kitchen, dining area, and ample parking in a Route 17/17B area.
Property Size3,000 SF
Price / SF$249.67
Days on Market416
Property Features for 28 Raceway Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Building Size
2,944 SF
Listing Agency:
The Maxx Group LLC
(845) 866-4673
Listed By:
Maxine H Schulte · License #10491205538
(845) 866-4673
Source:
Cohenandcohenrealty
Added: Jun 11, 2025
Changed: Jul 28
Last Checked: Jul 30 at 1:04PM
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 Maxx Group LLC
Investment Insights
Based on property information with market context.
This is a turnkey restaurant opportunity offering a fully operational setup with an existing kitchen and dining area. The offering includes a long-established, profitable restaurant business that is described as ready to operate immediately, with the business being sold separately from the building. The space is just under 3,000 square feet and includes ample parking to support day-to-day operations.
The restaurant is located just off Route 17 and 17B, with access and visibility intended for steady year-round traffic. Public remarks also reference visitors traveling toward Bethel Woods Performing Arts Center.
Details regarding financial performance and additional information are available upon inquiry for serious buyers only.
The restaurant is located just off Route 17 and 17B, with access and visibility intended for steady year-round traffic. Public remarks also reference visitors traveling toward Bethel Woods Performing Arts Center.
Details regarding financial performance and additional information are available upon inquiry for serious buyers only.
Key Highlights
- Restaurant business offered for purchase; business is sold separately from the building
- Just under 3,000 SF current space with fully operational kitchen and dining area
- Located just off Route 17 and 17B with easy access
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 | $54.0k | $18.00 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $51.7k | $17.24 |
| − OpEx | −$12.9k | −$4.31 |
| NOI | $38.8k | $12.93 |
3,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$554.3K
$485.0K – $646.7K
NOI $38,799 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 41%
Electronics 2%
Hotels & Casinos 2%
Dunkin' Donuts
Dining
19,076 visits/mo
0.1 miles
Mobil
Shops & Services
14,551 visits/mo
Raceway
Shops & Services
6,042 visits/mo
0.0 miles
Citgo
Shops & Services
5,099 visits/mo
0.1 miles
AT&T
Electronics
957 visits/mo
0.1 miles
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Wan Bo Buffet — 36 Forestburgh Rd #1833, Monticello, NY 12701
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant business offered with a fully operational kitchen, dining area, and ample parking in a Route 17/17B area.
Where is this conventional restaurant located?
The property is located at 28 Raceway Road Monticello, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Restaurant business offered for purchase; business is sold separately from the building; Just under 3,000 SF current space with fully operational kitchen and dining area; Located just off Route 17 and 17B with easy access
