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    708-720 Parksville Rd Parksville, NY 12768

    For Sale
    $799,000

    Established Diner, 8.65 Acres, High Traffic Area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 708-720 Parksville Road in Parksville, New York (zip code 12768), presents a unique investment opportunity. The property encompasses a substantial 8.65 acres of land zoned for commercial use, currently housing an established restaurant known as the I-86 Diner and House. The asking price is $799,000. The property's prime location offers high visibility and accessibility, making it ideal for continued operation of the existing restaurant or for redevelopment into other commercial ventures. The property's substantial size allows for significant expansion or the addition of complementary businesses. Real estate taxes are substantial, with school taxes amounting to $14,903.76 and town taxes at $10,565.40. This represents a rare chance to acquire a well-established business with significant land holdings in a thriving commercial zone within Sullivan County, New York. The property's versatility and location make it an attractive proposition for both seasoned investors and entrepreneurs seeking a foothold in a busy commercial area. The existing restaurant infrastructure provides a solid foundation for immediate revenue generation, while the ample land offers considerable potential for future growth and development. Serious inquiries are encouraged.

    Property Features for 708-720 Parksville Rd

    General Information

    Property type
    Restaurants

    HighLights

    • 8.65‑acre commercial lot in Parksville, NY (12768) at 708‑720 Parksville Road.
    • Includes the established I‑86 Diner and House restaurant.
    • Asking price: $799,000.
    • High visibility and accessibility in a prime location.
    • Zoned for commercial use, allowing for expansion or redevelopment.
    • Annual real estate taxes: $25,469.16 ($14,903.76 school, $10,565.40 town).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hotel & Motel Department Store Gym & Fitness Skin Care Clinic Kitchen & Bath Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parksville
    County
    Sullivan
    State
    New York
    Longitude
    -74.759719
    Latitude
    41.858388

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Established Diner, 8.65 Acres, High Traffic Area.
    Where is this restaurant located?
    The property is located at 708-720 Parksville Rd Parksville, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 8.65-acre commercial lot in Parksville, NY (12768) at 708-720 Parksville Road.; Includes the established I-86 Diner and House restaurant.; Asking price: $799,000.
    Request Owner's contact information
    708-720 Parksville Rd Parksville, NY 12768
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    Parksville, NY 12768
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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
    708-720 Parksville Rd Parksville, NY 12768
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