Riverfront Golf and Recreation
42565 Route 28, Margaretville, NY 12455
For Sale
$799,000
Commercial Sale, Margaretville, NY
Property Size2,200 SF
Lot Size23.38 Acres
Price / SF$363.18
Days on Market190
Property Features for 42565 Route 28
General Information
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Full bathrooms
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Middle school district
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Directions
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Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
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Building Details
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Listing Agency:
Coldwell Banker Village Green · Coldwell Banker Real Estate
(845) 679-2255
Listed By:
Laura Warren · License NY #10401345546
(646) 203-9437
Added: May 7
Changed: Nov 6
Last Checked: Nov 12 at 7:06PM
MLS# 20262175
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 23.38-acre recreational property includes a 9-hole public golf course measuring 1,600 yards and playing to par 29, plus an 18-hole illuminated mini-golf course. The site also offers a 275-yard floodlit driving range with 10 mat stations, a grass hitting area, practice green, and disc golf. A 2,200-square-foot clubhouse contains a BBQ restaurant, full bar, kitchen equipment, two elevated decks, and additional office or administrative space. The restaurant provides dine-in, takeout, and catering service, while the property has hosted weddings, tournaments, private gatherings, and community events.
Approximately 400 yards of private East Branch of the Delaware River frontage accompany the recreational improvements. The property is located at 42565 Route 28 in Margaretville, within reach of Belleayre Mountain and Plattekill. Site infrastructure includes ample parking, internal circulation, propane service, well water, public sewer, a metal roof, ductless heating and cooling, and an accessible elevator. The clubhouse was built in 2012 and carries BC zoning.
Approximately 400 yards of private East Branch of the Delaware River frontage accompany the recreational improvements. The property is located at 42565 Route 28 in Margaretville, within reach of Belleayre Mountain and Plattekill. Site infrastructure includes ample parking, internal circulation, propane service, well water, public sewer, a metal roof, ductless heating and cooling, and an accessible elevator. The clubhouse was built in 2012 and carries BC zoning.
Key Highlights
- 23.38‑acre recreational property with approximately 400 yards of private East Branch of the Delaware River frontage
- 9‑hole public golf course with par 29 layout spanning 1,600 yards
- 18‑hole mini‑golf course with full night lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,143
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,860
$682.9K
Cap Rate 7%
$487,757
$487.8K
Cap Rate 9%
$379,367
$379.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$47.5K $21.60/SF
− Vacancy
−$2.0K −$0.91/SF
EGI
$45.5K $20.69/SF
− OpEx
−$11.4K −$5.17/SF
NOI
$34.1K $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%
$682,860
Cap Rate 7%
$487,757
Cap Rate 9%
$379,367
Alternative Uses
Best Use
Specialty Retail
$487.8K
$426.8K – $569.1K
NOI $34,143 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$944.5K – $1.26M
NOI $75,557 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
9,840 visits/mo
0.0 miles
Carquest Auto Parts # 8866
Shops & Services
1,481 visits/mo
0.2 miles
Demographics for 12455, NY
1,820
Population
1,697
Households
1.1
Avg Household Size
56
Median Age
27%
College-Educated
91%
High-School Grad
71.3 sq mi
ZIP Area
26
Density / Sq Mi
$74,271
Median Household Income
$34,531
Median Earnings
$1,297
Median Rent
$219,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Golf course & driving range - Multi-use recreational property combining golf, practice facilities, dining, events, and river frontage in a Catskills setting.
Where is this golf course & driving range located?
The property is located at 42565 Route 28 Margaretville, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 23.38‑acre recreational property with approximately 400 yards of private East Branch of the Delaware River frontage; 9‑hole public golf course with par 29 layout spanning 1,600 yards; 18‑hole mini‑golf course with full night lighting
