216 Main St Saugerties, NY 12477-1318
- Investment properties
- 7,272 SF
- 0.06 lot acres
Current Use by Public Records
- Rock Da Casbah / New American Restaurant / Eclectic Restaurant
Property Details for 216 Main St
- Year built
- 1965
- Lot size
- 0.06 lot acres
- Property size
- 7,272 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 514801 18.263-2-14
- APU
- 51480118263214
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,635,000
- 7%
- $1,555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,345,000
- Geo Method
- $1,550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,255,000
- Retail
- $1,500,000
- Mixed-Use
- $1,275,000
- Hospitality
- $1,575,000
- Educational
- $1,155,000
- Residential Income
- $1,440,000
- Energy
- $1,620,000
- Income-Based Land
- $1,165,000
- Food Service
- $1,415,000
Location Insight
- Map
- Local Demand
- City
- Saugerties
- County
- Ulster
- State
- New York
- Longitude
- -73.9524
- Latitude
- 42.0775
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
