Conventional Restaurant with
For Sale
$1,499,000
37249 State Hwy 23, Grand Gorge, NY 12434
The property combines a dine-in restaurant, commercial kitchen, and upstairs residential space.
Property Size3,720 SF
Price / SF$402.96
Days on Market71
Property Features for 37249 State Hwy 23
General Information
Standard status
Active
Size
3,720 SF
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1900
Listing Agency:
Charlotteville Realty
Listed By:
Kevin Lucero · License #10401350558
(607) 282-6242
Source:
Amodiorealestate
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 7 at 1:57PM
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 Charlotteville Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Pizza Plus includes a restaurant operation with a commercial kitchen on the main level, supporting dine-in and takeout service. The upper level contains a three-bedroom, one-bath apartment with an open floor plan and approximately 1,375 square feet of living space. The combined property measures 3,720 square feet and dates to 1900.
Located at 37249 State Hwy 23 in Grand Gorge, the property is within the Roxbury Central School District and serves as a base for both commercial and residential use. Grand Gorge is near Roxbury, Stamford, and Windham, with regional attractions including Plattekill Mountain Ski Resort, Mine Kill State Park, and the Catskill Scenic Trail.
The apartment may support on-site living or rental use, while the restaurant includes a commercial kitchen suited to its existing food-service configuration.
Located at 37249 State Hwy 23 in Grand Gorge, the property is within the Roxbury Central School District and serves as a base for both commercial and residential use. Grand Gorge is near Roxbury, Stamford, and Windham, with regional attractions including Plattekill Mountain Ski Resort, Mine Kill State Park, and the Catskill Scenic Trail.
The apartment may support on-site living or rental use, while the restaurant includes a commercial kitchen suited to its existing food-service configuration.
Key Highlights
- Restaurant business with commercial kitchen on the main level
- Upstairs three‑bedroom, one‑bath apartment with approximately 1,375 square feet
- Combined property size of 3,720 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,733
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,660
$1.2M
Cap Rate 7%
$824,757
$824.8K
Cap Rate 9%
$641,478
$641.5K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$80.4K $21.60/SF
− Vacancy
−$3.4K −$0.91/SF
EGI
$77.0K $20.69/SF
− OpEx
−$19.2K −$5.17/SF
NOI
$57.7K $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%
$1,154,660
Cap Rate 7%
$824,757
Cap Rate 9%
$641,478
Alternative Uses
Best Use
Specialty Retail
$824.8K
$721.7K – $962.2K
NOI $57,733 @ 7.0% cap · market cap 3.85%
Second Best
Mixed Use
$513.4K
$449.2K – $598.9K
NOI $35,935 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,760 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12434, NY
622
Population
550
Households
1.1
Avg Household Size
52
Median Age
15%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
57
Density / Sq Mi
$48,558
Median Household Income
$55,366
Median Earnings
$920
Median Rent
$167,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property combines a dine-in restaurant, commercial kitchen, and upstairs residential space.
Where is this conventional restaurant located?
The property is located at 37249 State Hwy 23 Grand Gorge, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Restaurant business with commercial kitchen on the main level; Upstairs three‑bedroom, one‑bath apartment with approximately 1,375 square feet; Combined property size of 3,720 square feet
