222 River St Warrensburg, NY 12885
- Bars
- 2,909 SF
- 0.38 lot acres
Current Use by Public Records
- Spirits Tavern & Italian American Restaurant / Italian Restaurant / Bar
Property Details for 222 River St
- Year built
- 1860
- Lot size
- 0.38 lot acres
- Property size
- 2,909 SF
- Zone code
- 01 - NOT ZONED
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 524000 210.20-5-34
- APU
- 52400021020534
Description
This exceptional multi-use property, located at 222 River St in Warrensburg, NY, presents a unique investment opportunity. The 2,909 square foot building, constructed in 1960, sits on a prime location along the Schroon River and is zoned for commercial use. Currently operating as a combination bar, convenience store, and restaurant, the property boasts a 50% occupancy rate and generates a substantial monthly rental income of $3,000 from second-floor apartments. The asking price is $320,000, translating to $110 per square foot. The property features a gross lease and consists of a single, two-story building. Its versatile nature allows for a variety of uses, including continuing operation as a tavern and restaurant, or repurposing as a deli or bait shop, capitalizing on the riverfront location and high foot traffic. The property is situated in Warren County, NY, with a zip code of 12885. This is a rare chance to acquire a well-established business with significant income potential and the flexibility to adapt to future market demands. The property's strong location and diverse income streams make it an attractive investment for both seasoned and new investors. The building is in need of some updating and improvements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Warrensburg
- County
- Warren
- State
- New York
- Longitude
- -73.7799
- Latitude
- 43.4871
- CBSA code
- 24020
- CBSA name
- GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
