46 Depot St Middletown, NY 10940
- Retail properties
- 3,184 SF
- 1.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 46 Depot St
- Year built
- 2014
- Lot size
- 1.30 lot acres
- Property size
- 3,184 SF
- Property type
- Retail properties
Description
This exceptional 3,184 square foot retail property, situated on a 1.3-acre lot at 46 Depot St in Middletown, NY, presents a unique investment opportunity. Currently operating as a highly successful restaurant, bar, pizza parlor, and ice cream shop, the business boasts a strong reputation within the community and among tourists. The established location enjoys high visibility and consistent patronage, with both indoor and outdoor seating accommodating up to 170 guests. Two ample parking lots provide convenient parking for 40-50 vehicles. All equipment, valued at $150,000, is included in the sale price of $875,000. The business benefits from a steady stream of customers throughout the year, driven by its proximity to a nearby ski resort and attractive local amenities including a lake and beach with lifeguard services. Eight years of consistent growth and strong relationships with locals and tourists provide a solid foundation for continued success. Seven employees are currently on staff, including two key employees with over five years of experience. The current owners are retiring and are open to discussing financing options for a portion of the purchase price, offering a potentially attractive acquisition strategy. This is a rare chance to acquire a well-established, high-income-generating business with significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Delaware County
- State
- New York
- Longitude
- -74.4201
- Latitude
- 41.4468
