Restaurant Property with Outdoor
76 Route 214 Phoenicia, NY 12464
For Sale
$629,999
COMMERCIAL - Phoenicia, NY
Property Size3,800 SF
Lot Size0.47 Acres
Price / SF$165.79
Days on Market1351
Property Features for 76 Route 214
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
421 com rest
Appliances
Water Heater, Washer/Dryer Stacked
Standard status
Active
APN
5000-014.013-0001-071.000-0000
Size
3,800 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
71,1,76 Route 214
Tax Annual Amount
6086
Utilities
Sewer type
Septic Tank
Heating system
Oil, Steam, Propane (Heating), Radiant
Cooling system
Central Air
Water front features
Creek
Water front
1
Building Details
Year built
1937
Flooring type
Concrete, Hardwood
Building materials
Frame
Additional Structures
Second Garage
Listing Agency:
Win Morrison Realty-K
(845) 339-9999
Listed By:
Kathy Ann Shumway · License #10301223076
(845) 901-6555
Added: Nov 15, 2022
Changed: Jul 24
Last Checked: Jul 28 at 4:06PM
MLS# 20223612
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property includes all equipment and features a vintage, rustic interior with an updated bar. The main level offers a 1,000-square-foot dining room and an additional 1,000-square-foot area ready for use based on tenant needs. An expansive covered porch supports outdoor dining. There is also a commercial kitchen with a loading area, plus a concrete block garage and a full basement.
The property is located on Route 214 in Phoenicia, NY and is described as having ample parking. Zoning is listed as “421 com rest.”
The upstairs level is set up as four large rooms with additional renovateable space, described as suitable to revive for use as a bed & breakfast. The garage is currently rented.
The property is located on Route 214 in Phoenicia, NY and is described as having ample parking. Zoning is listed as “421 com rest.”
The upstairs level is set up as four large rooms with additional renovateable space, described as suitable to revive for use as a bed & breakfast. The garage is currently rented.
Key Highlights
- Tavern/restaurant property with 1,000 SF dining room plus an additional 1,000 SF floor space
- Commercial kitchen with loading area, plus full basement
- Expansive covered porch for outdoor dining, with creek waterfront feature
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 | $68.4k | $18.00 |
| − Vacancy | −$2.9k | −$0.76 |
| EGI | $65.5k | $17.24 |
| − OpEx | −$16.4k | −$4.31 |
| NOI | $49.1k | $12.93 |
3,800 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$702.1K
$614.3K – $819.1K
NOI $49,145 @ 7.0% cap · market cap 7.80%
Second Best
Hotel Hospitality
$290.1K
$253.8K – $338.4K
NOI $20,306 @ 7.0% cap · market cap 3.22%
Theoretical Best
Multifamily LT 5
$35.54M
$31.09M – $41.46M
NOI $2,487,569 @ 7.0% cap · market cap 394.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property on Route 214 with indoor dining, a covered porch for outdoor dining, and an upstairs B&B layout.
Where is this conventional restaurant located?
The property is located at 76 Route 214 Phoenicia, NY.
What is the asking price?
The asking price for this property is $629,999.
What are key features of this property?
This property features: Tavern/restaurant property with 1,000 SF dining room plus an additional 1,000 SF floor space; Commercial kitchen with loading area, plus full basement; Expansive covered porch for outdoor dining, with creek waterfront feature
