Building Details

Building Size 2,545 SF

Year Built 1958

Listing Agency: KW Hudson Valley United k***@kw.com Show Phone

Listed By: Jonathon Z. Lee Show Phone

Source: Croninreale

Added: Jun 26 Changed: Oct 23 Last Checked: Oct 23 at 3:27PM

Report an Issue

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 KW Hudson Valley United

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This vacant restaurant building, constructed in 1958, extends across the New York–New Jersey state line. The property includes 0.48 acre on the New York side and about 1 acre on the New Jersey side, where part of the building and the parking lot are located.

Access is available from South Maple Avenue in New York and River Road in New Jersey. Interstate 84 is next to the property.

Key Highlights

• Restaurant building and parking area span the New York–New Jersey state line
• 0.48 Acre on the New York side and about 1 acre on the New Jersey side
• Access from South Maple Avenue in New York and River Road in New Jersey

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,126

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$442,520 $442.5K

Cap Rate 7%

$316,086 $316.1K

Cap Rate 9%

$245,844 $245.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,545 SF

Gross rent

$30.5K $12.00/SF

− Vacancy

−$1.0K −$0.41/SF

EGI

$29.5K $11.59/SF

− OpEx

−$7.4K −$2.90/SF

NOI

$22.1K $8.69/SF

Area

Orange County, NY

Vacancy

3.40%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$442,520

Cap Rate 7%

$316,086

Cap Rate 9%

$245,844

Alternative Uses

Best Use

Specialty Retail

$316.1K

$276.6K – $368.8K (±1% cap)

NOI $22,126 @ 7.0% cap · market cap 4.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$862.0K

$754.2K – $1.01M (±1% cap)

NOI $60,337 @ 7.0% cap · market cap 13.41%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Storage Facility Dental Office Kitchen & Bath Showroom Furniture & Home Goods 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.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

84k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Dining 46%

McDonald's Dining

24,862 visits/mo 0.5 miles

BP Shops & Services

14,705 visits/mo 0.5 miles

Valero Energy Shops & Services

14,526 visits/mo 0.4 miles

Dunkin' Donuts Dining

13,676 visits/mo 0.5 miles

Shell Shops & Services

8,860 visits/mo 0.4 miles

Demographics for 12771, NY

14,423

Population

6,163

Households

2.3

Avg Household Size

41

Median Age

21%

College-Educated

91%

High-School Grad

34.6 sq mi

ZIP Area

417

Density / Sq Mi

$67,926

Median Household Income

$38,539

Median Earnings

$1,310

Median Rent

$246,100

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

Similar For Sale Nearby

See more

Mixed-Use Building with Storefront

63-65 Pike Street, Port Jervis, NY 12771

$325,000

0.03 Acres

View details

Duplex with Separate Utilities

92 Ball Street, Port Jervis, NY 12771

$349,000

2,300 SF

View details

Industrial Building with Overhead Bays

31-29 Church St, Port Jervis, NY 12771

$274,900

2,370 SF

View details

Flex Space with Three Garage Bays

29 Church Street #31, Port Jervis, NY 12771

$274,900

2,370 SF

View details

Live-Work Mixed-Use Property

120 Jersey Ave, Port Jervis, NY 12771

$399,000

View details

Mixed-Use Property with River Views

9 Thompson Street, Port Jervis, NY 12771

$495,000

0.23 Acres

View details

Warehouse with Mezzanine Storage

5-7 Mills St, Port Jervis, NY 12771

$180,000

4,080 SF

View details

Retail Building

13 Hammond St, Port Jervis, NY 12771

Contact for pricing

3,206 SF

View details

Brick Mixed-Use Investment Building

25 Prospect St, Port Jervis, NY 12771

$629,000

11,838 SF

View details

5-Unit Townhouse-Style Apartment Building

100 1/2 Kingston Avenue, Port Jervis, NY 12771

$1,150,000

0.52 Acres

View details

Manufacturing Property with Dual-Road Access

30 Culvert St Unit 28, Port Jervis, NY 12771

$849,900

8,400 SF

View details

Clear-Span Warehouse with Five Bays

28-30 Culvert St, Port Jervis, NY 12771

$849,900

8,400 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - The vacant restaurant has access from South Maple Avenue in New York and River Road in New Jersey.

Where is this conventional restaurant located?

The property is located at 87 S Maple Avenue Port Jervis, NY.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: Restaurant building and parking area span the New York–New Jersey state line; 0.48 Acre on the New York side and about 1 acre on the New Jersey side; Access from South Maple Avenue in New York and River Road in New Jersey