3230 State Hwy Greenfield Center, NY 12833
Exceptional opportunity to acquire the Greenfield Village Inn, a 3,580 sq ft property situated on 12.6 picturesque acres in Greenfield Center, NY (zip code 12833). This property includes four cottages and a small two-story apartment, all nestled around a pond. Previously a popular tavern/restaurant, the Inn has been closed for two decades but has recently undergone significant pre-development work. New owners purchased the property in 2020 and secured a renewed special use permit from the Town of Greenfield to operate a restaurant, pending final septic design approval from the NY Department of Health. Comprehensive site plans and floor plans for renovation are available. The asking price is $299,900 ($101.93/sq ft). This presents a unique chance to revitalize a beloved local landmark and capitalize on its considerable potential. The property has already been surveyed, and engineering plans are complete, significantly reducing the time and cost associated with initial development. The property is ready for your vision and offers a multitude of possibilities beyond restaurant use. This is a rare chance to own a substantial piece of land with existing structures in a desirable location.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.