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    OFF-MARKET
    Commercial real estate

    3311 Ny-23A 3311, Palenville, NY 12463

    10,479 SF 1.38 ac lot Built 2000
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2000
    Total area 10,479 SF
    Lot 1.38 ac (60,113 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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