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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Investment properties

216 Main St Saugerties, NY 12477-1318

7,272 SF 0.06 ac lot Built 1965
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US63-5699131
Property summary
AI-generated overview

This exceptional restaurant opportunity is located at 216 Main Street, Saugerties, NY 12477, on a prominent corner lot at the intersection of Main Street and 9W. The 3,000 square foot space offers a single-tenant occupancy within a classic building in the heart of Saugerties. Benefitting from excellent street exposure, this established restaurant boasts a full liquor license and a full basement, providing ample storage and potential for expansion. An additional room is available, presenting an opportunity to increase the current footprint and enhance operational capabilities. The property is available with a long-term lease and requires a key money investment of $185,000. Monthly rent is $2,790. This turnkey operation is situated in Ulster County, New York, and presents a rare chance to acquire a well-established restaurant in a thriving downtown location. The property's prime location and existing infrastructure make it an ideal investment for experienced restaurateurs seeking a profitable venture in a desirable Hudson Valley community. The address is easily accessible and benefits from high foot and vehicle traffic.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 7,272 SF
Lot 0.06 ac (2,614 SF)
Zoning code 05 - COMMERCIAL
APN 514801 18.263-2-14
UPID US63-5699131
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
Current use
Occupant on record · Public records
  • Rock Da Casbah Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
$1.19M
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.38M
Owner & transaction history
216 Main Saugerties LLC · 1 yrs held
216 Main Saugerties LLC
since 2025
Last sale
$1.6M
2 recorded transactions
2025
$1.6M
2008
$728,000
Zoning & alternative use
05 - COMMERCIAL · Saugerties, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.4M +26.4%
Auto repair, garage $1.4M +21.8%
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