Building Details

Year Built 2006

Listing Agency: MALEK PROPERTIES, INC. Show Phone

Listed By: CAROL MALEK · License #31MA1121533 Show Phone

Source: Corcoran

Added: Jul 10, 2025 Changed: Oct 28 Last Checked: Oct 30 at 2:25PM

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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 MALEK PROPERTIES, INC.

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Investment Insights

Based on property information with market context.

This strategically positioned former restaurant, wedding/event venue, and catering facility is fully equipped and turnkey. The property offers parking for 250 vehicles and seating for hundreds of guests. The location provides high visibility, high traffic, and easy accessibility with frontage on two roads. The building and signage are highly visible, set high from the road, with over 1200 feet of exposure directly on US Route 209 and over 1100 feet on Old Route 209. This 5.9+/- acre property is located next to Walmart, backed by Tractor Supply, and across from a facility employing over 600 people. The restaurant building, equipped with a sprinkler system, alarm system, and central AC, offers over 6000 square feet on the main level, featuring several dining rooms, a large bar, and a private wedding suite with restrooms and lounging space. The second level provides additional square footage with offices, storage, and a restroom. Exterior containers offer seasonal storage, along with interior space and shelving. Included in the sale are walk-ins, a fully equipped kitchen, tables, chairs, tableware, a full bar, glassware, and TVs (inventory list available). Additionally, there is a heated 8000 square foot event tent equipped with chandeliers, a wet bar, and a dance floor.

Key Highlights

• Turnkey restaurant, wedding/event venue, and catering facility with all equipment included.
• High‑visibility location with over 2300 feet of frontage on two busy roads.
• Substantial 5.9+/- acre property with parking for 250 vehicles.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,651

Cap Rate

7.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,733,020 $1.7M

Cap Rate 7%

$1,237,871 $1.2M

Cap Rate 9%

$962,789 $962.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,700 SF

Gross rent

$120.6K $18.00/SF

− Vacancy

−$5.1K −$0.76/SF

EGI

$115.5K $17.24/SF

− OpEx

−$28.9K −$4.31/SF

NOI

$86.7K $12.93/SF

Area

Ulster County, NY

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,733,020

Cap Rate 7%

$1,237,871

Cap Rate 9%

$962,789

Alternative Uses

Best Use

Specialty Retail

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,651 @ 7.0% cap · market cap 7.91%

Second Best

Retail

$1.14M

$997.2K – $1.33M (±1% cap)

NOI $79,777 @ 7.0% cap · market cap 7.29%

Theoretical Best

Multifamily LT 5

$62.66M

$54.82M – $73.10M (±1% cap)

NOI $4,385,977 @ 7.0% cap · market cap 400.55%

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

Property Analytics

Current Use

Wedding venues

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 12489, NY

267

Population

81

Households

3.3

Avg Household Size

43

Median Age

18%

College-Educated

100%

High-School Grad

3.6 sq mi

ZIP Area

74

Density / Sq Mi

$26,100

Median Household Income

$245,200

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 - Fully equipped restaurant and event venue with high visibility.

Where is this restaurant located?

The property is located at 7400 Us-209 Napanoch, NY.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: Turnkey restaurant, wedding/event venue, and catering facility with all equipment included.; High‑visibility location with over 2300 feet of frontage on two busy roads.; Substantial 5.9+/- acre property with parking for 250 vehicles.