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Banquet Hall & Restaurant Opportunity
For Sale
$1,499,000

746 Route 23b, Leeds, NY 12451

Commercial property with high visibility and redevelopment potential near NYS Thruway.

Property Size11,466 SF
Lot Size2.00 Acres
Price / SF$130.73
Days on Market207

Property Features for 746 Route 23b

General Information

Standard status Active
Size 11,466 SF
Lot size 2.00 Acres
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $30,234
Listing Agency: Century 21 New West
Listed By: Natasha Witka · License #10491210760
Source: Exprealty
Added: Jan 26 Changed: Aug 13 Last Checked: Aug 20 at 9:40AM

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 Century 21 New West

Investment Insights

Based on property information with market context.

This commercial property is located off Exit 21 of the NYS Thruway in Catskill, NY, offering high visibility and access. Currently operating as a banquet hall and restaurant, the commercially zoned 2.0-acre site presents potential for restaurant, retail, hotel, or redevelopment uses. The 11,466 sq. ft. building includes separate retail space and owner's quarters. The property features over 100 parking spaces, municipal water and sewer, and 1,000 sq. ft. of road frontage on both I-87 and State Route 23B. It is exposed to high traffic volume annually. Situated 10 minutes from Hudson and 30 minutes from Windham and Hunter Ski Resorts, the location appeals to locals and tourists year-round. The surrounding area features new developments, including a Stewart's Shop, Camptown Resort, and a Hampton Inn that is soon to be built.

Key Highlights

  • Prime location at Exit 21 of the NYS Thruway (I‑87) with unmatched visibility and access.
  • High‑traffic area with 1,000 sq. ft. of road frontage on both I‑87 and State Route 23B, exposed to millions of vehicles annually.
  • Versatile commercial zoning allowing for restaurant, retail, hotel, or redevelopment use on 2.0 acres.

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Hair Salon Locksmith Parking Lot & Garage (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 100%
The Home Depot Home Improvements & Furnishings
17,743 visits/mo 0.2 miles

Demographics for 12451, NY

1,560
Population
545
Households
2.9
Avg Household Size
45
Median Age
11%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
141
Density / Sq Mi
$54,615
Median Household Income
$39,800
Median Earnings
$1,260
Median Rent
$253,500
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Restaurant - Commercial property with high visibility and redevelopment potential near NYS Thruway.
Where is this restaurant located?
The property is located at 746 Route 23b Leeds, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location at Exit 21 of the NYS Thruway (I‑87) with unmatched visibility and access.; High‑traffic area with 1,000 sq. ft. of road frontage on both I‑87 and State Route 23B, exposed to millions of vehicles annually.; Versatile commercial zoning allowing for restaurant, retail, hotel, or redevelopment use on 2.0 acres.
More about this property
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