Restaurant and Bar Building with
850 Main Street Margaretville, NY 12455
850 Main Street, Margaretville, NY, 12455
$375,000
For Sale
$375,000
Two-sided building with an established tenant on one side, a vacant former wine bar on the other, plus garage and side yard.
Property Size2,064 SF
Price / SF$181.69
Days on Market84
Property Features for 850 Main Street
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
UNITED REAL ESTATE HV EDGE
(845) 204-6939
Listed by
JAYME STATEN
Source
Corcoran
Added: Apr 30 Updated: Jul 22 at 5:33PM Checked: Jul 22 at 5:33PM
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 UNITED REAL ESTATE HV EDGE
Investment Insights
Based on property information with market context.
This two-sided restaurant and bar building offers a flexible layout with income potential. One side of the property is currently occupied by a tenant, while the other side—previously operated as a wine bar—is vacant and ready for a new concept.
Situated right in the heart of Margaretville’s village at 850 Main Street, the property includes additional outdoor and expansion support. A 672-square-foot garage space and an adjacent side yard can help create indoor/outdoor seating options.
With its mix of occupied and vacant space, the building is suited for either an owner-occupant seeking to operate while collecting rent or an investor looking for multiple income streams within a single asset. The configuration allows for re-imagining the vacant portion for a variety of uses consistent with the property’s existing buildout.
Situated right in the heart of Margaretville’s village at 850 Main Street, the property includes additional outdoor and expansion support. A 672-square-foot garage space and an adjacent side yard can help create indoor/outdoor seating options.
With its mix of occupied and vacant space, the building is suited for either an owner-occupant seeking to operate while collecting rent or an investor looking for multiple income streams within a single asset. The configuration allows for re-imagining the vacant portion for a variety of uses consistent with the property’s existing buildout.
Key Highlights
- Two‑sided commercial building on Main Street in Margaretville
- Tenant‑occupied on one side, providing immediate rental income
- Other side is a vacant former wine bar space, ready for new use
Local 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 | $44.6k | $21.60 |
| − Vacancy | −$1.9k | −$0.91 |
| EGI | $42.7k | $20.69 |
| − OpEx | −$10.7k | −$5.17 |
| NOI | $32.0k | $15.52 |
2,064 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.1K – $1.18M
NOI $70,886 @ 7.0% cap · market cap 18.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Zada's
Restaurant
Rick's Attic
Home Decor Store
Similar For Sale Nearby
Similar Off Market Nearby
- Binnekill Tavern — 746 Main St, Margaretville, NY 12455
- Zada's — 850 Main St, Margaretville, NY 12455
- Oda Wine Garden — 743 Main St, Margaretville, NY 12455
FAQs
What type of property is this?
Bar & Pub - Two-sided building with an established tenant on one side, a vacant former wine bar on the other, plus garage and side yard.
Where is this bar & pub located?
The property is located at 850 Main Street Margaretville, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑sided commercial building on Main Street in Margaretville; Tenant‑occupied on one side, providing immediate rental income; Other side is a vacant former wine bar space, ready for new use
