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    OFF-MARKET
    Bars & Pubs

    1094 Rte 308, Rhinebeck, NY 12572-3459

    1,768 SF 1 ac lot Built 1972
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-0430114
    Property summary
    AI-generated overview

    This exceptional commercial property presents a rare opportunity to establish a thriving restaurant business in the desirable Rhinebeck, NY area. Situated on a picturesque one-acre lot just seven minutes from Rhinebeck Village, the property boasts stunning views of a neighboring horse farm. The 1,768 square foot building features a beautifully remodeled interior, showcasing gleaming wood floors, a custom-designed wrap-around counter crafted from high-quality, handmade materials, including a striking marble sink, and sophisticated lighting and tile work. The expansive commercial kitchen is fully prepared for immediate operation, equipped with multiple plumbing lines, a state-of-the-art Ansul fire suppression system, two large vented hoods, grease traps, and a robust commercial septic system. Outdoor amenities are equally impressive, encompassing a large patio, a spacious open grassy area perfect for outdoor dining or events, a covered patio offering shelter from the elements, and mature trees providing shade and ambiance. Ample parking is available, ensuring convenient access for patrons. This unique property combines a prime location, a meticulously remodeled interior, and extensive outdoor space, making it an ideal setting for a successful restaurant venture. The asking price is $550,000.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1972
    Total area 1,768 SF
    Lot 1 ac (43,560 SF)
    Zoning code RC5
    APN 135089 6371-00-555706-0000
    UPID US63-0430114
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Upstate Down Prop LLC · 4 yrs held
    Upstate Down Prop LLC
    since 2022
    Last sale
    $460,000
    3 recorded transactions
    2022
    $460,000
    2017
    $270,000
    2012
    Zoning & alternative use
    RC5 · Rhinebeck, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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