22 Garden St Rhinebeck, NY 12572

Property Details for 22 Garden St

Year built

1960

Property size

3,120 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Rhinebeck

County

Dutchess

State

New York

Longitude

-73.9137

Latitude

41.928