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    OFF-MARKET
    Retail properties & Spaces

    2540 State Rte, Poughquag, NY 12570

    1,900 SF Built 1980
    Property ID
    Property summary
    AI-generated overview

    This thriving Italian restaurant, located at 2540 State Route 55 in Poughquag, Dutchess County, New York (zip code 12570), presents a unique investment opportunity. The 1,900 square foot space, built in 1980 and zoned for business/restaurant use, boasts a 75-seat dining room and a separate bar area. The asking price is $190,000, translating to $100 per square foot. The property includes a comprehensive inventory of commercial kitchen equipment, ideal for immediate operation. This includes two pizza ovens, ample refrigeration units (including a walk-in box), a deep fryer, a 16-burner stovetop, a grill, and two freezers. The property is situated in Town Plaza, easily accessible via Route 82 North, turning right onto Route 55. The business benefits from flexible lease terms, providing a solid foundation for continued success. This Class B retail property represents a turnkey operation ready for a new owner to step in and continue the established business. The property is a single unit within a larger commercial complex.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1980
    Total area 1,900 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
    Allowed · conditional · prohibited
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