3438 State Route 97Barryville, NY 12719

Property Details for 3438 State Route 97

Year built

1998

Lot size

1.05 AC

Property size (Sq ft)

2,464 SF

Zone code

HC

Property type

Turn key restaurants

APN

483400 27.-8-2.3

APU

48340027823

Description

This exceptional commercial property, located at 3438 State Route 97 in Barryville, NY, presents a unique investment opportunity. The 4,928 square foot building sits on a 1.05-acre lot and is currently operating as a thriving pizzeria restaurant. The property boasts ample seating, accommodating 100 patrons indoors and an additional 30 outdoors. The fully equipped kitchen includes two pizza ovens, a twelve-burner stove, a walk-in freezer, a walk-in box refrigerator, a two-door freezer, and a two-level forced-air fridge display. Additional kitchen features include a prep table with six bay steamers and a salad bar. The restaurant also features a waitress station, indoor and outdoor speaker systems, ceiling fans, and a generator for backup power. A full basement provides additional storage space. The property includes multiple bathrooms and a sizable garden. Recently renovated within the past two years, the building and outdoor seating area offer a fresh, modern feel. This turnkey operation is ideally situated in a growing community, offering immediate income potential and significant upside for a savvy investor. The combination of a prime location, established clientele, and extensive equipment makes this a truly remarkable opportunity. The asking price is $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $899,781

  6.5%

  $830,567

  7%

  $771,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $816,758

  Geo Method

  $811,304

• Alternative Use

  Use

  Valuation

  Residential

  $700,614

  Hospitality

  $641,759

  Educational

  $533,936

  Medical

  $552,299

  Retail

  $830,567

Location Insight

City

Barryville

County

Sullivan

State

New York

Latitude

41.479

Longitude

-74.9184

Property Tax & Assessments

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