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    OFF-MARKET
    Turn key restaurants

    2578 Rte 55, Poughquag, NY 12570-5115

    3,994 SF 0.92 ac lot Built 1983
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-1526441
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Kihlmire Holdings LLC · 4 yrs held
    Kihlmire Holdings LLC
    since 2021
    Last sale
    $400,000
    5 recorded transactions
    2025
    2021
    $400,000
    2021
    2020
    2010
    $229,000
    Zoning & alternative use
    C-2 · Poughquag, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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