Turnkey Restaurant & Event
For Sale
$1,095,000
7400 Us-209, Napanoch, NY 12489
Fully equipped restaurant and event venue with high visibility.
Property Size6,700 SF
Lot Size5.90 Acres
Price / SF$163.43
Days on Market388
Property Features for 7400 Us-209
General Information
Standard status
Active
Size
6,700 SF
Lot size
5.90 Acres
Property subtype
Commercial
Building Details
Year Built
2006
Listing Agency:
MALEK PROPERTIES, INC.
(845) 583-6333
Listed By:
CAROL MALEK · License #31MA1121533
Source:
Corcoran
Added: Jul 10, 2025
Changed: Jul 6
Last Checked: Jul 31 at 6:48AM
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.
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 For Specialty Retail
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 | $120.6k | $18.00 |
| − Vacancy | −$5.1k | −$0.76 |
| EGI | $115.5k | $17.24 |
| − OpEx | −$28.9k | −$4.31 |
| NOI | $86.7k | $12.93 |
6,700 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,651 @ 7.0% cap · market cap 7.91%
Second Best
Retail
$1.14M
$997.2K – $1.33M
NOI $79,777 @ 7.0% cap · market cap 7.29%
Theoretical Best
Multifamily LT 5
$62.66M
$54.82M – $73.10M
NOI $4,385,977 @ 7.0% cap · market cap 400.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 84%
Home Improvements & Furnishings 16%
Walmart
Superstores
45,703 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,607 visits/mo
0.1 miles
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
Properties on Market for Restaurants in Ulster County
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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.
