Building Details

Building Size 3,236 SF

Year Built 1937

Buildings 1

Stories 1

Listing Agency: McGrath Realty Inc

Listed By: Brian McGrath · License #10311209440 Show Phone

Source: Mcgrathrealty

Added: Nov 13, 2025 Changed: Oct 30 Last Checked: Oct 29 at 10:48PM

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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

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Investment Insights

Based on property information with market context.

This 3,236-square-foot, single-level restaurant was built in 1937 and has been renovated. Dining areas include a main room, a second room for larger groups, and a private dining room, alongside a bar and covered patio with outdoor seating. The kitchen has commercial ventilation and plumbing for sinks, while its layout remains open for customization. Three public restrooms, a staff bathroom, pantry, and mechanical rooms support the restaurant’s operations.

A full basement provides dry storage and contains multi-zone HVAC systems and water filtration equipment. Multiple parking lots serve the property. It is on Old State Route 22, seconds from Route 22 and near Route 55; the Wingdale Metro-North station is less than a mile away. Zoning is RU.

Key Highlights

• 3,236‑square‑foot restaurant with seating for 100
• Main dining room, second dining room, private dining room, and bar
• Covered patio provides additional outdoor seating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,592

Cap Rate

4.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,171,840 $1.2M

Cap Rate 7%

$837,029 $837.0K

Cap Rate 9%

$651,022 $651.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,236 SF

Gross rent

$81.5K $25.20/SF

− Vacancy

−$3.4K −$1.06/SF

EGI

$78.1K $24.14/SF

− OpEx

−$19.5K −$6.04/SF

NOI

$58.6K $18.11/SF

Area

Dutchess County, NY

Vacancy

4.20%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,171,840

Cap Rate 7%

$837,029

Cap Rate 9%

$651,022

Alternative Uses

Best Use

Specialty Retail

$837.0K

$732.4K – $976.5K (±1% cap)

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 (±1% cap)

NOI $68,187 @ 7.0% cap · market cap 5.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Parking Lot & Garage Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 12594, NY

4,018

Population

1,605

Households

2.5

Avg Household Size

42

Median Age

32%

College-Educated

92%

High-School Grad

23.1 sq mi

ZIP Area

174

Density / Sq Mi

$130,206

Median Household Income

$48,664

Median Earnings

$1,173

Median Rent

$363,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Restaurant - The dining room configuration accommodates 100 guests, with distinct spaces for private gatherings and larger parties.

Where is this 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: 3,236‑square‑foot restaurant with seating for 100; Main dining room, second dining room, private dining room, and bar; Covered patio provides additional outdoor seating