Renovated Mixed-Use Gem with
553 County Road 94 Hankins, NY 12741
553 County Road 94, Hankins, NY, 12741
Contact for pricing
For Sale
Contact for pricing
Completely renovated mixed-use property with restaurant, bar, and living space.
Property Size4,440 SF
Price / SF$106.98
Days on Market67
Property Features for 553 County Road 94
General Information
- Standard status
- Active
- Size
- 4,440 SF
- Property subtype
- Mixed Use, Retail, Land
Building Details
- Year Built
- 1890
Listing Agency
Bhhs Hudson Valley Properties Millbrook Real estate
Listed by
Michele Rios · License #NY 10301200217
Source
Crexi
Added: May 12 Checked: Jul 16 at 8:32 am
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 Bhhs Hudson Valley Properties Millbrook Real estate
Investment Insights
Based on property information with market context.
This renovated mixed-use property, originally built in the 1890s, is equipped for a full-service restaurant. The kitchen includes a 6-burner stove, Bae Marie, ice maker, and walk-in cooler, among other equipment. The restaurant and bar area has seating for 68, with a semi-private room at the rear of the first floor suitable for parties. The building features live music, dinner specials, two handicap-accessible bathrooms, ample storage, and original tin ceilings. A wood-burning stove provides heat. Outdoor seating options include bar seating, benches, tables, and high-top tables. The backyard includes picnic tables, Adirondack chairs, and a firepit. A bandstand is available for live music. The barn has 200 amp electric service and could be converted into a country store or event space. The second-floor unit includes a kitchen, living room, office, pantry/laundry, two bedrooms, one full bathroom, and a walk-up attic. The property offers potential for various business uses.
Key Highlights
- Fully equipped restaurant and bar with seating for 68, including a semi‑private room
- Two‑bedroom residential unit on the second floor with kitchen, living room, office, pantry/laundry, and walk‑up attic
- Renovated 1890's building suitable for live‑in and work‑in use
Local Financial Insights For Mixed Use
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 | $69.3k | $15.60 |
| − Vacancy | −$8.3k | −$1.87 |
| EGI | $61.0k | $13.73 |
| − OpEx | −$22.9k | −$5.15 |
| NOI | $38.1k | $8.58 |
4,440 SF · lease $15.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$820.3K
$717.8K – $957.1K
NOI $57,423 @ 7.0% cap · market cap 12.09%
Second Best
Retail
$765.6K
$669.9K – $893.2K
NOI $53,594 @ 7.0% cap · market cap 11.28%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,248 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
FAQs
What type of property is this?
Mixed-use property - Completely renovated mixed-use property with restaurant, bar, and living space.
Where is this mixed-use property located?
The property is located at 553 County Road 94 Hankins, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully equipped restaurant and bar with seating for 68, including a semi‑private room; Two‑bedroom residential unit on the second floor with kitchen, living room, office, pantry/laundry, and walk‑up attic; Renovated 1890's building suitable for live‑in and work‑in use
