501 Us-20 New Lebanon, NY 12125
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 501 Us-20
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Class A, 100% occupied, NNN-leased business opportunity presents a turnkey established tavern and axe throwing venue in New Lebanon, NY. Located at 501 US-20, this 3,700 sq ft. (plus 60-seat patio) establishment boasts a full-service restaurant and bar, complete with a wood-fired oven, extensive kitchen equipment, and a state-of-the-art walk-in cooler and freezer. The recent 2022 expansion added six axe throwing lanes, pool tables, dartboards, and a dedicated banquet space, significantly enhancing the entertainment offerings. The business, built from the ground up in 2015, has consistently thrived, even during COVID-19 shutdowns, demonstrating its resilience and strong market position. A seasoned General Manager with 25 years of experience is in place and open to a minor equity partnership. The property features a new roof (2022) and plans for solar panel installation are underway. Current delivery partnerships with DoorDash, Uber Eats, and Slice further enhance revenue streams. Future growth potential includes expanding hours, implementing axe and pool leagues, launching a catering truck and mobile axe trailer, and adding an ice cream/dessert bar. This profitable business offers a unique blend of dining and entertainment, making it an ideal investment for a discerning buyer. The asking price is $2,900,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Lebanon
- County
- Columbia
- State
- New York
- Longitude
- -73.3906
- Latitude
- 42.467
