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    7400 Us-209 Napanoch, NY 12489

    Sponsored
    For Sale
    $1,295,000

    Turnkey Restaurant, High Visibility, Huge Potential

    Property size:
    14,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 14,700 sq ft restaurant and event venue in Napanoch, NY, is a truly remarkable opportunity. Boasting a prime location on US-209 and Old Route 209, this property offers unparalleled visibility and accessibility, situated on a 5.9-acre lot. The building, constructed in 2006 and extensively renovated in 2021, features a fully equipped, turnkey restaurant with over 6,000 sq ft on the main level, including multiple dining rooms, a large bar, and a stunning private bridal room. The second level provides additional square footage for offices and storage. The property includes a heated 8,000 sq ft event tent complete with chandeliers, a wet bar, and a dance floor, perfect for weddings and other large-scale events. With ample parking for 250 vehicles and seating for hundreds, this establishment is ready for immediate operation. The property benefits from a strong existing customer base and is strategically positioned near Tractor Supply, Walmart, and a large employer. All equipment, including kitchen appliances, tableware, barware, and furniture, is included (inventory list available). The property features a sprinkler system, alarm system, and central air conditioning. This is a rare opportunity to acquire a thriving, established business with significant upside potential in a high-traffic location. The permitted zoning is MU. The APN is 5689-083.006-0004-009.100-0000. The asking price is $1,295,000.

    Property Features for 7400 Us-209

    General Information

    Property type
    Restaurants
    Square Feet
    14,700 SF
    Lot Size
    257,004 SF

    Building Details

    Year Built/Renovated
    2006/2021
    Units
    2

    We can help!

    Listing Contact
    Carol Malek
    Carol Malek

    Learn more

    HighLights

    • $1,295,000 asking price for this 14,700 SF restaurant in Wawarsing, NY.
    • Fully equipped, turnkey restaurant and event venue on a 5.9‑acre lot.
    • High visibility location with frontage on two busy roads, near Walmart and Tractor Supply.
    • Features two buildings totaling 14,700 SF, including a large main level with multiple dining rooms, a bar, and a private bridal room.
    • Includes an 8,000 SF heated event tent with amenities.
    • 100% occupancy with seating for hundreds and parking for 250 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Napanoch
    County
    Ulster
    State
    New York
    Longitude
    -74.3667666
    Latitude
    41.745826

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    Nearby Similar for Sale

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      Turnkey Restaurant & Event Venue

      Fully equipped restaurant and event venue with high visibility.
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    • $1,095,000
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      Turnkey Restaurant & Event Venue

      Fully equipped restaurant and event venue with high visibility.
      7400 Us-209, Napanoch, NY 12489
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Visibility, Huge Potential
    Where is this restaurant located?
    The property is located at 7400 Us-209 Napanoch, 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: $1,295,000 asking price for this 14,700 SF restaurant in Wawarsing, NY.; Fully equipped, turnkey restaurant and event venue on a 5.9-acre lot.; High visibility location with frontage on two busy roads, near Walmart and Tractor Supply.
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    7400 Us-209 Napanoch, NY 12489
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7400 Us-209 Napanoch, NY 12489
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    We can help!
    Listing Contact
    Carol Malek
    Carol Malek
    Real Estate License ID: NY 31MA1121533
    Learn more
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