Mixed-Use Estate with Event
For Sale
$3,800,000
304 Sutherland Rd, East Meredith, NY 13757
Multi-component property combining hospitality, event, agricultural, and recreational improvements in a mature natural setting.
Property Size12,290 SF
Lot Size107.00 Acres
Price / SF$309.19
Days on Market107
Property Features for 304 Sutherland Rd
General Information
Standard status
Active
Size
12,290 SF
Lot size
107.00 Acres
Additional Details
Business Included
Yes
Building Details
Year Built
2006
Listing Agency:
MICHAEL DEROSA EXCHANGE
Listed By:
Michael Hardesty, Michael DeRosa · License #10401348318
(315) 532-0793
Source:
Skinnercnyrealty
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 7 at 4:37PM
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 MICHAEL DEROSA EXCHANGE
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Investment Insights
Based on property information with market context.
This mixed-use estate combines a restaurant, brewery, event venue, greenhouses, and supporting buildings within a developed natural setting. The property includes radiant-heated concrete floors, commercial electrical service with backup generators, multiple heat pumps, engineered septic systems, UV water treatment, commercial ventilation, and fire suppression systems. Built in 2006, the improvements are configured for year-round operation and include five established businesses.
The approximately 107-acre Western Catskills property features more than 20 spring-fed ponds, meandering streams, waterfalls, hand-laid stone walls, bridges, mature woodlands, open meadows, curated gardens, and panoramic mountain views. Snowmobile trail access supports seasonal recreation. The restaurant can also be converted to a family compound, while the existing buildings and grounds support hospitality, events, agricultural activities, and private estate use.
The approximately 107-acre Western Catskills property features more than 20 spring-fed ponds, meandering streams, waterfalls, hand-laid stone walls, bridges, mature woodlands, open meadows, curated gardens, and panoramic mountain views. Snowmobile trail access supports seasonal recreation. The restaurant can also be converted to a family compound, while the existing buildings and grounds support hospitality, events, agricultural activities, and private estate use.
Key Highlights
- Approximately 107 acres in the Western Catskills
- More than 20 spring‑fed ponds with streams and waterfalls
- Restaurant, brewery, event venue, greenhouses, and supporting buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,736
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,814,720
$3.8M
Cap Rate 7%
$2,724,800
$2.7M
Cap Rate 9%
$2,119,289
$2.1M
Market Conditions
NOI Build-Up for 12,290 SF
Gross rent
$265.5K $21.60/SF
− Vacancy
−$11.1K −$0.91/SF
EGI
$254.3K $20.69/SF
− OpEx
−$63.6K −$5.17/SF
NOI
$190.7K $15.52/SF
Area
Delaware County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,814,720
Cap Rate 7%
$2,724,800
Cap Rate 9%
$2,119,289
Alternative Uses
Best Use
Specialty Retail
$2.72M
$2.38M – $3.18M
NOI $190,736 @ 7.0% cap · market cap 5.02%
Second Best
Mixed Use
$1.70M
$1.48M – $1.98M
NOI $118,721 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$6.03M
$5.28M – $7.03M
NOI $422,088 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 13757, NY
1,002
Population
675
Households
1.5
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
35.6 sq mi
ZIP Area
28
Density / Sq Mi
$72,557
Median Household Income
$33,542
Median Earnings
$1,345
Median Rent
$209,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-component property combining hospitality, event, agricultural, and recreational improvements in a mature natural setting.
Where is this mixed-use property located?
The property is located at 304 Sutherland Rd East Meredith, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Approximately 107 acres in the Western Catskills; More than 20 spring‑fed ponds with streams and waterfalls; Restaurant, brewery, event venue, greenhouses, and supporting buildings
