76 214, Shandaken, NY 12464
This unique 3,800 square foot property presents a rare investment opportunity in the heart of Shandaken, NY, within the desirable Phoenicia area of the Catskills. Currently operating as Tavern 214, this established restaurant boasts a 1,000 square foot dining room featuring a beautifully updated bar, and an additional 1,000 square foot of versatile space ready for customization. The property includes all existing restaurant equipment. Outdoor dining is enhanced by an expansive covered porch. Ample parking is available on-site. The significant upside potential lies in the upstairs area, currently unfinished but offering four large rooms and additional space ideal for conversion into a bed and breakfast or similar venture. A fully equipped commercial kitchen, a loading area, a concrete block garage (currently rented to Graham and Co.), and a full basement complete the property's features. This landmark property offers a blend of established business and significant expansion possibilities in a thriving Catskills location. The asking price is $645,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.