Restaurant Space with
923 State Route 32 Highland Mills, NY 10930
923 State Route 32, Highland Mills, NY, 10930
$490,000
For Sale
$490,000
2600 SF restaurant with parking and patio.
Property Size2,600 SF
Lot Size0.21 Acres
Price / SF$188.46
Days on Market211
Property Features for 923 State Route 32
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Listing agency
KELLER WILLIAMS REALTY
(845) 928-8000
Listed by
CRAIG PELSUE
Source
Corcoran
Added: Dec 22, 2025 Updated: Jul 6 at 10:04AM Checked: Jul 21 at 5:22AM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This is a 2600 SF restaurant space that is not currently operating and will need a new Certificate of Occupancy. The location is ready to be opened. It features off-street parking for over 25 vehicles. Hoods and stovetops have been cleaned, and a recent fire inspection has been completed. Additional seating is available on a 1,000 SF patio area. The property includes an ADA-compliant restroom and a separate banquet area.
Key Highlights
- 2600 SF Restaurant Space in a Fabulous Location
- Off‑street parking for over 25 vehicles
- Includes Hoods and Stovetops (Recently Cleaned and Fire Inspector Approved)
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 | $31.2k | $12.00 |
| − Vacancy | −$1.1k | −$0.41 |
| EGI | $30.1k | $11.59 |
| − OpEx | −$7.5k | −$2.90 |
| NOI | $22.6k | $8.69 |
2,600 SF · lease $12.00/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$880.6K
$770.5K – $1.03M
NOI $61,641 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - 2600 SF restaurant with parking and patio.
Where is this conventional restaurant located?
The property is located at 923 State Route 32 Highland Mills, NY.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 2600 SF Restaurant Space in a Fabulous Location; Off‑street parking for over 25 vehicles; Includes Hoods and Stovetops (Recently Cleaned and Fire Inspector Approved)
