Diner with Two-Bedroom
For Sale
$899,900
56 Route 22, Pawling, NY 12564
The restaurant includes indoor and outdoor dining, on-site parking, and a separate residential unit.
Property Size3,300 SF
Lot Size1.00 Acre
Price / SF$272.70
Days on Market206
Property Features for 56 Route 22
General Information
Standard status
Active
Size
3,300 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
HB
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
49
Patio
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,430
Building Details
Building Size
3,300 SF
Year Built
1960
Buildings
1
Stories
2
Units
2
Listing Agency:
McGrath Realty Inc
(845) 855-5550
Listed By:
Lisa Liffland
(845) 222-5961
Source:
Croninreale
Added: Apr 2
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 diner occupies a 3,300-square-foot building constructed in 1960. The restaurant seats 49 and has a spacious dining room, a counter with stools, and outdoor dining space. A walk-in cooler and whole-building Generac generator are also included. The property is zoned HB and features a separate two-bedroom apartment.
The one-acre parcel is at 56 Route 22 in Pawling, New York, with 300 feet of level road frontage. A large parking area serves the property. The restaurant serves breakfast and lunch.
The one-acre parcel is at 56 Route 22 in Pawling, New York, with 300 feet of level road frontage. A large parking area serves the property. The restaurant serves breakfast and lunch.
Key Highlights
- 3,300‑square‑foot diner building, constructed in 1960
- Restaurant seating for 49, with indoor and outdoor dining areas
- Separate two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,750
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,000
$1.2M
Cap Rate 7%
$853,571
$853.6K
Cap Rate 9%
$663,889
$663.9K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$83.2K $25.20/SF
− Vacancy
−$3.5K −$1.06/SF
EGI
$79.7K $24.14/SF
− OpEx
−$19.9K −$6.04/SF
NOI
$59.8K $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%
$1,195,000
Cap Rate 7%
$853,571
Cap Rate 9%
$663,889
Alternative Uses
Best Use
Specialty Retail
$853.6K
$746.9K – $995.8K
NOI $59,750 @ 7.0% cap · market cap 6.64%
Second Best
Mixed Use
$572.8K
$501.2K – $668.3K
NOI $40,095 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$993.4K
$869.2K – $1.16M
NOI $69,535 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12564, NY
7,159
Population
3,169
Households
2.3
Avg Household Size
48
Median Age
40%
College-Educated
93%
High-School Grad
41.4 sq mi
ZIP Area
173
Density / Sq Mi
$111,683
Median Household Income
$61,548
Median Earnings
$1,309
Median Rent
$420,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Breakfast & diner - The restaurant includes indoor and outdoor dining, on-site parking, and a separate residential unit.
Where is this breakfast & diner located?
The property is located at 56 Route 22 Pawling, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3,300‑square‑foot diner building, constructed in 1960; Restaurant seating for 49, with indoor and outdoor dining areas; Separate two‑bedroom apartment
