Property profile

76 214 Shandaken, NY 12464

OFF-MARKET
Commercial real estate
3,800 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Total area 3,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

76 214 Shandaken, NY 12464
Shandaken metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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