Mixed-Use Deli and Retail
299 Peekskill Hollow Road Putnam Valley, NY 10579
299 Peekskill Hollow Road, Putnam Valley, NY, 10579
$549,000
For Sale
$549,000
Street-level deli includes a retail storefront and service counter, plus additional space suited for office or residential use.
Property Size2,901 SF
Lot Size0.52 Acres
Price / SF$189.25
Days on Market82
Property Features for 299 Peekskill Hollow Road
General Information
- Standard status
- Active
- Size
- 2,901 SF
- Lot size
- 0.52 Acres
- Property subtype
- Commercial
Listing agency
EXP REALTY
(888) 276-0630
Listed by
LUDOVINO RAMIREZ
Source
Corcoran
Added: May 2 Updated: Jul 22 at 4:35AM Checked: Jul 22 at 4:35AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This property is a mixed-use building with a fully operational street-level deli and a spacious retail storefront. The layout includes a service counter, prep areas, storage, and a flexible interior arrangement that can support grocery, deli, or food service operations. In addition to the retail/deli space, there is extra room that may be used for office space or residential use, offering live/work flexibility for an owner-user or investor.
The building sits on a 0.52-acre corner lot along Peekskill Hollow Road, which supports visibility and convenient access. The property is described as having ample on-site and street parking, with access connections to Route 6 and the Taconic State Parkway.
Overall, the asset combines an operating retail food use at street level with supplementary space that can accommodate office or residential conversion, depending on how it is configured for the next occupant.
The building sits on a 0.52-acre corner lot along Peekskill Hollow Road, which supports visibility and convenient access. The property is described as having ample on-site and street parking, with access connections to Route 6 and the Taconic State Parkway.
Overall, the asset combines an operating retail food use at street level with supplementary space that can accommodate office or residential conversion, depending on how it is configured for the next occupant.
Key Highlights
- ~2,901 SF mixed‑use building with a fully operational street‑level deli and retail storefront/service counter
- Retail includes prep areas, storage, and a flexible interior layout for grocery, deli, or food service operations
- Additional space may be used for office or residential purposes for owner‑user or live/work flexibility
Local Financial Insights For 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 | $69.6k | $24.00 |
| − Vacancy | −$2.4k | −$0.84 |
| EGI | $67.2k | $23.16 |
| − OpEx | −$20.2k | −$6.95 |
| NOI | $47.0k | $16.21 |
2,901 SF · lease $24.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,266 @ 7.0% cap · market cap 24.46%
Second Best
Mixed Use
$839.2K
$734.3K – $979.1K
NOI $58,745 @ 7.0% cap · market cap 10.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Anita's Grocery Deli
Food Market
Patricia Schiller Real ...
Real Estate Agency
Hollowbrook Travel
Travel Agency
Vic's Corner Deli
Food Market
LibertyX Bitcoin ATM
Atm
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FAQs
What type of property is this?
Conventional restaurant - Street-level deli includes a retail storefront and service counter, plus additional space suited for office or residential use.
Where is this conventional restaurant located?
The property is located at 299 Peekskill Hollow Road Putnam Valley, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: ~2,901 SF mixed‑use building with a fully operational street‑level deli and retail storefront/service counter; Retail includes prep areas, storage, and a flexible interior layout for grocery, deli, or food service operations; Additional space may be used for office or residential purposes for owner‑user or live/work flexibility
