Property profile

145 Rte 22 Pawling, NY 12564

OFF-MARKET
Strip malls
Property ID
US63-1644152
15,671 SF 5.56 ac lot Built 1987
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,264 square foot restaurant presents a fantastic opportunity in Pawling, NY. Located on Route 22, a high-traffic area with 17,660 cars daily, this property boasts excellent visibility. The building includes a charming covered porch, ideal for additional seating. Inside, the restaurant comfortably seats 30 patrons and features all-new appliances. The current lease is for 10 years at $1,700 per month, with 9 years remaining. This turnkey operation is situated near a Hannaford supermarket and other retail businesses, ensuring a strong customer base. The existing pizza restaurant is fully equipped and ready for immediate operation, offering significant potential for growth through extended hours or menu expansion. The property includes both retail space and land. This is a prime opportunity for an established restaurateur or a new business owner looking to capitalize on a high-traffic location with strong retail presence. The asking price is $125,000.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 15,671 SF
Lot 5.56 ac (242,194 SF)
Zoning code HB
APN 134089 7056-00-445030-0000
UPID US63-1644152

Cap rate & NOI

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

Location

145 Rte 22 Pawling, NY 12564-3214
Pawling metro Census 110004 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2016
7 recorded transactions
2016
$2.1M
2016
Price N/A
2011
$1.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HB · Pawling, NY

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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