Historic Inn and Restaurant
For Sale
$675,000
Pending
288-292 Main Street, Pine Hill, NY 12465
Historic 15-bedroom inn with full-service restaurant, bar, and café, plus outdoor terrace and multiple on-site residences.
Property Size10,130 SF
Days on Market380
Property Features for 288-292 Main Street
General Information
Standard status
Pending
Size
10,130 SF
Property subtype
Commercial Sale / Hotel-Motel
Building Details
Year Built
1882
Listing Agency:
Coldwell Banker Village Green
(646) 203-9437
Listed By:
Laura Warren · License #10401345546
(646) 203-9437
Source:
Compass
Added: Jul 17, 2025
Changed: Jul 23
Last Checked: Jul 30 at 12:44PM
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 Coldwell Banker Village Green
Investment Insights
Based on property information with market context.
The Pine Hill Arms is a historic inn originally built in 1882, offering a 15-bedroom layout alongside a full-service restaurant, bar, and café. The building includes a spacious lobby, commercial kitchen, offices, a games room, and flexible gathering and event spaces. Additional amenities include a rear outdoor terrace, a two-car garage, and a separate two-bedroom apartment with its own entrance, along with a three-bedroom carriage house.
The property is connected to municipal water and sewer and includes a liquor license. It is positioned directly on Main Street with off-street parking space for approximately 30 vehicles. Zoning is described as supporting a wide range of commercial and hospitality uses.
Set on nearly two acres, the grounds include gardens to the rear that border Birch Creek, providing outdoor space for events. While significant renovation or redevelopment is needed, the property is being marketed as suitable for adaptive reuse of the hospitality and dining facilities.
The property is connected to municipal water and sewer and includes a liquor license. It is positioned directly on Main Street with off-street parking space for approximately 30 vehicles. Zoning is described as supporting a wide range of commercial and hospitality uses.
Set on nearly two acres, the grounds include gardens to the rear that border Birch Creek, providing outdoor space for events. While significant renovation or redevelopment is needed, the property is being marketed as suitable for adaptive reuse of the hospitality and dining facilities.
Key Highlights
- Historic Pine Hill Arms built in 1882 featuring a 15‑bedroom inn with 10,000+ sq ft of interior space
- On‑site full‑service restaurant, bar, and café with a commercial kitchen, plus lobby, offices, and a games room
- Liquor license included and zoning supports commercial and hospitality uses
Financial Insights For Hotel Hospitality
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 | $152.0k | $15.00 |
| − Vacancy | −$38.0k | −$3.75 |
| EGI | $114.0k | $11.25 |
| − OpEx | −$59.8k | −$5.91 |
| NOI | $54.1k | $5.34 |
10,130 SF · lease $15.00/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $131,011 @ 7.0% cap · market cap 19.41%
Second Best
Hotel Hospitality
$773.3K
$676.7K – $902.2K
NOI $54,132 @ 7.0% cap · market cap 8.02%
Theoretical Best
Multifamily LT 5
$94.73M
$82.89M – $110.52M
NOI $6,631,335 @ 7.0% cap · market cap 982.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 12465, NY
288
Population
273
Households
1.1
Avg Household Size
56
Median Age
60%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
99
Density / Sq Mi
$84,141
Median Household Income
$106,121
Median Earnings
$335,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Historic 15-bedroom inn with full-service restaurant, bar, and café, plus outdoor terrace and multiple on-site residences.
Where is this hotel located?
The property is located at 288-292 Main Street Pine Hill, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Historic Pine Hill Arms built in 1882 featuring a 15‑bedroom inn with 10,000+ sq ft of interior space; On‑site full‑service restaurant, bar, and café with a commercial kitchen, plus lobby, offices, and a games room; Liquor license included and zoning supports commercial and hospitality uses
