6521 State Rte Wingdale, NY 12594
Exceptional investment opportunity: a thriving tavern and apartment building in Wingdale, NY. This mixed-use property boasts 2,761 square feet on a 0.67-acre lot, encompassing a well-established tavern and three residential rental units (two one-bedroom, one two-bedroom). The tavern, operating successfully for over 35 years, features indoor seating for 38 and additional outdoor seating for 18+, a full bar, and a kitchen. The apartments provide supplemental income, currently 100% occupied with month-to-month leases. The building, constructed in 1930, is a four-story structure situated on two parcels and enjoys scenic Ten Mile River views. The property is zoned RU and includes ample parking. Conveniently located near Route 22 and neighboring towns, this turnkey operation offers immediate income potential and significant upside for future improvements. The sale includes all equipment and furniture. Separate electric meters for each apartment (electric heat) and oil heat for the tavern. This unique offering combines established business with rental income, presenting a rare opportunity in a desirable location. The property's prime location offers easy access to Route 22 and nearby towns like Pawling, Amenia, Millbrook, and Millerton, as well as the Connecticut border.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.