Property profile

3311 Ny-23A 3311 Palenville, NY 12463

OFF-MARKET
Commercial real estate
10,479 SF 1.38 ac lot Built 2000
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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

Location

3311 Ny-23A 3311 Palenville, NY 12463
Palenville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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