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Property profile & analytics
FOR SALE
Bars & Pubs

222 River St Warrensburg, NY 12885

2,909 SF 0.38 ac lot Built 1860
Individually Owned 10-yr Hold Free & Clear
Property ID
US63-6175418
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1860
Total area 2,909 SF
Lot 0.38 ac (16,553 SF)
Zoning code 01 - NOT ZONED
APN 524000 210.20-5-34
UPID US63-6175418
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
  • Spirits Tavern & Italian American Restaurant Restaurant
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
by Request
Owner & transaction history
Robert Neuweiler · 10 yrs held
Robert Neuweiler
since 2015
4 recorded transactions
2015
$45,000
2014
$15,000
2008
$60,000
2008
$1,200
Zoning & alternative use
01 - NOT ZONED · Warrensburg, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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