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    33 Central Ave Pearl River, NY 10965

    For Sale
    $1,295,000

    Restaurant, Bar, & Rental Units - $1.295M

    Property size:
    5,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 33 W Central Ave in the heart of Pearl River, NY, presents a unique investment opportunity. The 5,528 square foot building boasts a thriving, established bar and restaurant on the ground floor. The commercial space features an open serving area, a stage, multiple restrooms, a fully equipped turnkey kitchen, a bar, and a sizable outdoor patio. Currently operating at 100% occupancy, this turnkey business offers immediate income potential. Upstairs, six individual boarding house units, each with its own bathroom, provide additional rental income streams. The sale includes both the business and the real estate, offering a complete and lucrative package. The property is zoned CC and operates under an Absolute NNN lease type. This is a rare chance to acquire a well-established, high-performing business with significant rental income in a vibrant downtown location. The asking price is $1,295,000, representing a price per square foot of $234.26. Detailed financial information is available upon request. This is a truly remarkable opportunity for a savvy investor seeking a strong return on investment in a desirable New York location. The property is situated in Rockland County, NY, zip code 10965.

    Property Features for 33 Central Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,528 SF

    HighLights

    • Mixed‑use property at 33 W Central Ave, Pearl River, NY, totaling 5,528 square feet.
    • Ground floor features an established bar and restaurant with a turnkey kitchen, stage, patio, and multiple restrooms; currently 100% occupied.
    • Six individual boarding house units upstairs, each with its own bathroom, provide additional rental income.
    • Sale includes both the business and real estate; zoned CC, Absolute NNN lease.
    • Asking price: $1,295,000 ($234.26/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Domino's Pizza Pizza Delivery Uncle Tommy's Tavern Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearl River
    County
    Rockland
    State
    New York
    Longitude
    -74.023060183769
    Latitude
    41.058904008277

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    FAQs

    What type of property is this?
    Individual retail property - Restaurant, Bar, & Rental Units - $1.295M
    Where is this individual retail property located?
    The property is located at 33 Central Ave Pearl River, NY.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Mixed-use property at 33 W Central Ave, Pearl River, NY, totaling 5,528 square feet.; Ground floor features an established bar and restaurant with a turnkey kitchen, stage, patio, and multiple restrooms; currently 100% occupied.; Six individual boarding house units upstairs, each with its own bathroom, provide additional rental income.
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    33 Central Ave Pearl River, NY 10965
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    Pearl River, NY 10965
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33 Central Ave Pearl River, NY 10965
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