Property profile

36422 Ny-23 Grand Gorge, NY 12434

OFF-MARKET
Commercial real estate
2,472 SF 0.75 ac lot Built 2014
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional turnkey business opportunity encompasses a thriving restaurant and its accompanying building, situated on a 0.75-acre lot at 36422 NY-23 in Grand Gorge, NY 12434. The 2,472 square foot, single-story building, constructed in 2014, boasts a full commercial kitchen, an ice cream station, indoor and outdoor dining areas (the latter under a large pavilion), and ample parking with two driveways. The property benefits from municipal water and sewer connections, a security system, and existing signage. The current inventory and equipment are included in the sale price of $795,000. The restaurant, Sundaes Restaurant & Tasty Freeze, specializes in steak, burgers, pizza, and ice cream, and enjoys 100% occupancy. The property is zoned 422-Diner and has been approved for EV charging stations, with half the cost covered by NYSEG. Its strategic location on State Highway 23 provides excellent visibility and accessibility, with proximity to popular attractions in the Great Western Catskills, including Windham Ski Mountain (20 minutes away) and Belleayre and Plattekill Ski Mountains (30 minutes away). This owner-user investment presents a rare chance to acquire a well-established business with significant growth potential in a desirable location. The property features a 100% occupancy rate as of September 9, 2024. Further details, including 3D virtual tours and aerial photography, are available upon request.

Property profile

Verified
Property type Commercial real estate
Year built 2014
Total area 2,472 SF
Lot 0.75 ac (32,670 SF)

Cap rate & NOI

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

Location

36422 Ny-23 Grand Gorge, NY 12434
Grand Gorge metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 36422 Ny-23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message