Restaurant Space with
923 State Route 32 Highland Mills, NY 10930
923 State Route 32, Highland Mills, NY, 10930
$425,000
For Sale
$425,000
Vacant restaurant space with ADA restroom, separate banquet area, and off-street parking for 25+ vehicles.
Property Size2,600 SF
Price / SF$163.46
Days on Market212
Property Features for 923 State Route 32
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Commercial
Listing agency
Keller Williams Realty
(845) 527-5572
Listed by
Craig Pelsue
(845) 527-5572
Source
Cohenandcohenrealty
Added: Dec 22, 2025 Updated: Jul 22 at 3:57AM Checked: Jul 22 at 3:57AM
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 vacant restaurant space is offered for sale with approximately 2,600 SF of interior area plus an additional 1,000 SF patio seating area. The property includes an ADA-compliant restroom, a separate banquet area, and a configuration that was previously ready to open. Hoods and stovetops have been cleaned, and the most recent fire inspection has been completed.
Off-street parking accommodates over 25 vehicles. The public remarks note that new certificate of occupancy will be required from the town before reopening.
The space also includes a patio designed for additional seating beyond the main dining area, along with a distinct banquet area for larger gatherings.
Off-street parking accommodates over 25 vehicles. The public remarks note that new certificate of occupancy will be required from the town before reopening.
The space also includes a patio designed for additional seating beyond the main dining area, along with a distinct banquet area for larger gatherings.
Key Highlights
- Vacant 2,600 SF restaurant space; will need new C/O from the town
- Off‑street parking for 25+ vehicles
- Additional 1,000 SF patio seating area
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 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$880.6K
$770.5K – $1.03M
NOI $61,641 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Vacant restaurant space with ADA restroom, separate banquet area, and off-street parking for 25+ vehicles.
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 $425,000.
What are key features of this property?
This property features: Vacant 2,600 SF restaurant space; will need new C/O from the town; Off‑street parking for 25+ vehicles; Additional 1,000 SF patio seating area
