Turnkey Restaurant with Drive-Thru
For Sale
$649,000
90 Old Route 9W, Port Ewen, NY 12466
Restaurant property with high visibility and operational flexibility.
Property Size1,610 SF
Lot Size1.30 Acres
Price / SF$403.11
Days on Market96
Property Features for 90 Old Route 9W
General Information
Standard status
Active
Size
1,610 SF
Lot size
1.30 Acres
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
HOULIHAN LAWRENCE INC.
(917) 767-7705
Listed By:
Angelica VonDrak
(917) 767-7705
Source:
Elliman
Added: Apr 27
Changed: Jul 10
Last Checked: Jul 30 at 11:06AM
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 HOULIHAN LAWRENCE INC.
Investment Insights
Based on property information with market context.
This turnkey restaurant property offers drive-thru potential along a key Hudson Valley corridor. The classic midcentury diner is situated along one of the Hudson Valley's most heavily traveled routes, offering presence, visibility, and operational flexibility. The building has roadside character and invites repeat visits. Located minutes from Kingston's Roundout and Stockade districts, the property benefits from proximity to a well-established dining and cultural scene while maintaining the advantages of a drive-by location. Daily traffic exceeds 15,000 vehicles along Route 9W, with an additional 5,700 cars per day along Old Route 9W. The restaurant spans approximately 1,610 square feet and retains the clarity and efficiency that made midcentury diners functional. Inside, a long run of windows brings in abundant natural light, illuminating red banquette seating and classic checkerboard floors. Seating for more than 50 guests is arranged for easy flow and adaptability, suitable for counter service, casual dining, or a reimagined concept. Two walk-up service windows further support takeout, seasonal service, or high-volume operations. The kitchen is fully built out and operational, with commercial-grade equipment, stainless prep surfaces, a hood system, fryers, a grill, refrigeration, and dedicated dish and prep areas. Set on a 1.3-acre parcel, the site has established outdoor seating areas, with room to expand for additional tables or events. Two existing curb cuts allow for potential drive-thru service, while the expansive paved lot provides parking for approximately 26 vehicles and supports smooth circulation.
Key Highlights
- Turnkey restaurant property with fully equipped commercial kitchen and existing seating for 50+ guests.
- High‑visibility location on Route 9W with combined daily traffic exceeding 20,000 vehicles.
- 1.3 acre parcel with existing outdoor seating, ample parking (26 spaces), and potential for drive‑thru service (two curb cuts).
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 | $29.0k | $18.00 |
| − Vacancy | −$1.2k | −$0.76 |
| EGI | $27.8k | $17.24 |
| − OpEx | −$6.9k | −$4.31 |
| NOI | $20.8k | $12.93 |
1,610 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$297.5K
$260.3K – $347.0K
NOI $20,822 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.06M
$13.17M – $17.57M
NOI $1,053,944 @ 7.0% cap · market cap 162.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Dining 2%
Dollar General
Shops & Services
8,901 visits/mo
0.3 miles
Citgo
Shops & Services
4,172 visits/mo
0.2 miles
Mid-Hudson Valley Federal Credit Union
Shops & Services
3,258 visits/mo
0.2 miles
Mario's Pizza
Dining
394 visits/mo
0.2 miles
Demographics for 12466, NY
2,353
Population
884
Households
2.7
Avg Household Size
50
Median Age
34%
College-Educated
97%
High-School Grad
1.0 sq mi
ZIP Area
2,353
Density / Sq Mi
$91,875
Median Household Income
$56,696
Median Earnings
$1,677
Median Rent
$272,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with high visibility and operational flexibility.
Where is this conventional restaurant located?
The property is located at 90 Old Route 9W Port Ewen, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Turnkey restaurant property with **fully equipped commercial kitchen** and existing seating for 50+ guests.; High‑visibility location on Route 9W with combined daily traffic exceeding 20,000 vehicles.; 1.3 acre parcel with existing outdoor seating, ample parking (26 spaces), and potential for drive‑thru service (two curb cuts).
