Property profile

2578 Rte 55 Poughquag, NY 12570

OFF-MARKET
Turn key restaurants
Property ID
US63-1526441
3,994 SF 0.92 ac lot Built 1983
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,280 square foot commercial property, situated on a 0.92-acre lot at 2578 Route 55 in Poughquag, NY, presents a unique investment opportunity. Boasting prime road frontage, the building features a dramatic entrance leading to a captivating interior with exposed beams and soaring 30-foot cathedral ceilings, ideal for creating a memorable dining or entertainment experience. Intricate details, including custom glasswork, tile, woodworking, and molding, are accented by elegant LED stained-glass lighting. The property is perfectly suited for a variety of uses, such as a steakhouse, burger restaurant, brewery, or live music venue. A show-stopping horseshoe bar with 20 tap lines and seating for 16 patrons, along with a towering center display, is a key feature. The bar area and main dining space feature tile flooring, while a separate party room offers hardwood floors. Multiple bathrooms and banquette seating provide ample space for diners and private events. Recent upgrades include a brand-new, fully equipped kitchen with modern refrigeration, a new tap system, and a tented outdoor patio. Significant improvements have also been made to the parking lot, curbing, and landscaping. The septic system has been updated. The property benefits from high traffic counts, excellent signage, ample on-street and overflow parking, and a central location. With a capacity to seat over 100 guests, and the potential for on-site brewery operations (with a separate dining room easily adaptable for brewery equipment), this property offers significant potential for a thriving business. The asking price is $1,250,000. No lease is available.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Total area 3,994 SF
Lot 0.92 ac (40,075 SF)
Zoning code C-2
APN 132200 6759-04-685204-0000
UPID US63-1526441

Cap rate & NOI

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

Location

2578 Rte 55 Poughquag, NY 12570-5115
Poughquag metro Census 20005 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2021
Last sale
$400,000
5 recorded transactions
2025
Price N/A
2021
$400,000
2021
Price N/A
2020
Price N/A
2010
$229,000

Zoning & alternative use

C-2 · Poughquag, 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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