22 Garden St Rhinebeck, NY 12572
This 3,120 square foot, upscale restaurant in Rhinebeck, NY is a turnkey operation, ready for immediate ownership. Located at 22 Garden St, this single-unit establishment boasts a seating capacity of up to 88 during peak season (60 in winter, expandable with existing infrastructure for five heated outdoor tents). The property, built in 1960 and extensively renovated in 2020, features a high-powered kitchen with 14 burner tops, salamander broiler, two conventional ovens, two convection ovens, and a high-temperature dish machine. A large basement includes dedicated walk-in coolers for food and beverages, multiple freezers, a new pebble ice machine, a prep kitchen, pantry, and ample storage. The sale includes 85% of the equipment (mostly from 2019, some under warranty), ample backup supplies, POS systems, iPads, printers, and all intellectual property (social media, branding, website). The current lease, with a 3% annual rent bump, expires November 30, 2023, but a five-year renewal option is available. The owner is offering assistance with the transition, including relationships with suppliers and potentially the current chef. This is a rare opportunity to acquire a thriving, well-established restaurant with a strong reputation and all the necessary infrastructure for immediate success. The lot size is 3,120 square feet, and the asking price is $195,000 ($62.50/sq ft). The property is zoned commercial.
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Steven Siegel Foster Care Service Social Service Agency
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C & M Holdings of New York Inc Holding Company
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.