3311 Ny-23A 3311, Palenville, NY 12463
This exceptional 10,479 sq ft property, situated on 1.38 acres in Palenville, NY, presents a unique investment opportunity. The beautifully restored venue boasts nine guest rooms, expansive indoor and outdoor event spaces perfect for weddings and concerts, two custom oakwood bars, and a professional stage. A vintage food truck, large commercial/catering kitchen, and substantial basement storage complete the offering. The property enjoys a prime location at the intersection of Routes 32A and 23A, a high-traffic corridor in Upstate NY. Its proximity to Kaaterskill Falls, Hunter and Windham Ski Resorts, North/South Lake State Park, and the towns of Woodstock and Hudson ensures consistent visitor traffic year-round. The meticulously restored interior blends historic charm with modern amenities, while the expansive hemlock-fenced lawn and gardens offer stunning mountain, sunset, and waterfall views of Kaaterskill Clove. This turnkey operation is ready for a new owner to continue its success, hosting events, accommodating guests, and becoming a vital part of the vibrant Catskills community. The property's location at the gateway to ski country and across from a popular eatery further enhances its appeal and potential for continued growth. This is a rare chance to acquire a thriving business with significant upside in a picturesque and 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
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.