Turnkey Restaurant Opportunity in
34 Old State Route 22 Wingdale, NY 12594
34 Old State Route 22, Wingdale, NY, 12594
$1,290,000
For Sale
$1,290,000
Fully renovated restaurant with seating for 100, plus outdoor patio.
Property Size3,236 SF
Lot Size1.70 Acres
Price / SF$398.64
Days on Market249
Property Features for 34 Old State Route 22
General Information
- Standard status
- Active
- Size
- 3,236 SF
- Lot size
- 1.70 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1937
Listing agency
MCGRATH REALTY INC
(845) 855-5550
Listed by
BRIAN MCGRATH · License #REB.0791807
Source
Corcoran
Added: Nov 14, 2025 Updated: Jul 6 at 10:15AM Checked: Jul 21 at 6:01AM
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 MCGRATH REALTY INC
Investment Insights
Based on property information with market context.
This is a 3,236-square-foot, single-level, free-standing restaurant located in Dutchess County. The renovated building offers seating for 100 guests across multiple dining spaces, a bar area, and a covered outdoor patio. The main dining room features a double-door entry, a bar, and access to the covered patio. A second dining room provides flexibility for larger parties, and a private dining room is available for special events. A hallway connects three restrooms and offers secondary access to the patio. The property includes a kitchen ready to be customized, with a complete professional build-out and restaurant equipment. Supporting spaces include a staff bathroom, pantry, and mechanical rooms. A full basement houses multi-zoned HVAC systems, a water filtration system, and dry storage. Multiple parking lots provide parking for patrons and staff. The property is located on Old State Route 22, near Route 22 and Route 55, and is less than a mile from the Wingdale Metro North train station. The restaurant is located near Dover, Pawling, Millbrook, Amenia, and Millerton, and the Connecticut communities of New Milford, Kent, Gaylordsville, and Sherman. The property is suitable for an upscale farm-to-table destination, a craft-beer gastropub, or an event venue.
Key Highlights
- Prime location on well‑traveled Old State Route 22 with high visibility and easy access to major routes (Route 22 and Route 55) and the Wingdale Metro North train station.
- Turnkey restaurant with complete professional build‑out, including top‑of‑the‑line restaurant equipment, ready for customization.
- Fully renovated 3,236 sq ft free‑standing building with seating for 100 guests, including multiple dining spaces, a stylish bar, and a covered outdoor patio.
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 | $81.5k | $25.20 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $78.1k | $24.14 |
| − OpEx | −$19.5k | −$6.04 |
| NOI | $58.6k | $18.11 |
3,236 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$837.0K
$732.4K – $976.5K
NOI $58,592 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.1K
$852.3K – $1.14M
NOI $68,187 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully renovated restaurant with seating for 100, plus outdoor patio.
Where is this conventional restaurant located?
The property is located at 34 Old State Route 22 Wingdale, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Prime location on well‑traveled Old State Route 22 with high visibility and easy access to major routes (Route 22 and Route 55) and the Wingdale Metro North train station.; Turnkey restaurant with complete professional build‑out, including top‑of‑the‑line restaurant equipment, ready for customization.; **Fully renovated 3,236 sq ft free‑standing building with seating for 100 guests**, including multiple dining spaces, a stylish bar, and a covered outdoor patio.
