Property profile

708-720 Parksville Rd Parksville, NY 12768

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional commercial property, located at 708-720 Parksville Road in Parksville, New York (zip code 12768), presents a unique investment opportunity. The property encompasses a substantial 8.65 acres of land zoned for commercial use, currently housing an established restaurant known as the I-86 Diner and House. The asking price is $799,000. The property's prime location offers high visibility and accessibility, making it ideal for continued operation of the existing restaurant or for redevelopment into other commercial ventures. The property's substantial size allows for significant expansion or the addition of complementary businesses. Real estate taxes are substantial, with school taxes amounting to $14,903.76 and town taxes at $10,565.40. This represents a rare chance to acquire a well-established business with significant land holdings in a thriving commercial zone within Sullivan County, New York. The property's versatility and location make it an attractive proposition for both seasoned investors and entrepreneurs seeking a foothold in a busy commercial area. The existing restaurant infrastructure provides a solid foundation for immediate revenue generation, while the ample land offers considerable potential for future growth and development. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

708-720 Parksville Rd Parksville, NY 12768
Parksville metro
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Value estimations

Realmo proprietary · 4 methods
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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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