2478 Ny-145 East Durham, NY 12423
This exceptional 2,904 sq ft business opportunity in East Durham, NY, presents a unique blend of established tavern and event venue. Situated on 23.7 acres encompassing three parcels, this property boasts a prime location on Route 145, offering easy access to major attractions like Zoom Flume (5 minutes), Windham and Hunter Mountain ski resorts (20 & 30 minutes respectively), and more. The two-story building, constructed in 1980, features a fully equipped commercial kitchen, full bar, ample storage (including walk-in freezer and dry goods room), and a remarkable ten bathrooms. The upper floor includes four ensuite bedrooms. Outdoor amenities are extensive, including a large pavilion (90x30 ft), multiple seating areas accommodating hundreds, a fire pit, creekside cabanas, and two parking areas. The property also benefits from two wells, a new septic system, and a pump station. Included are two liquor licenses and a New York State Gaming License with Off Track Betting capabilities. A shuttle bus and optional food trailer are available for both on-site and off-site events. The property is zoned 415, 438, & 322. This turnkey operation is offered at $2,495,000 and presents a rare opportunity for an owner/user investment. The property is exceptionally maintained and ready for immediate operation. The APN is 35.03-1-49. Ownership is held by Doyles Tavern 145 LLC. The sale is considered distressed.
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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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.