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    FOR SALE
    Turn key restaurants

    3191 Route 22, Patterson, NY 12563

    2,724 SF 12.97 ac lot Built 2003
    Entity Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-3113378
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Patterson, NY, presents a unique investment opportunity. The offering encompasses four contiguous lots totaling approximately 68.43 acres with significant Route 22 frontage. The property includes a restaurant and former driving range/mini-golf on a 12.97-acre C1 zoned lot. The restaurant, Iron & Wine, currently operates under a lease expiring January 2025, with the tenant expressing interest in renewal. A separate 35.62-acre C1 zoned lot features a small farming operation and existing commercial and residential leases. Two additional lots, totaling 19.84 acres (11.74 acres and 8.10 acres), are zoned R1 and contain wetlands. The 8.10-acre lot is located in Pawling, NY (Duchess County). Detailed wetland maps and setbacks will be provided. Prospective buyers are strongly encouraged to independently verify all property information, zoning regulations, acreage, restrictions, and permitted uses by reviewing the Towns of Patterson and Pawling websites and contacting the respective municipalities directly. Relevant zoning regulations, specifically Articles V and VII, are available upon request. This property offers significant potential for diverse development and income generation. The property will soon be divided into two separate listings: a restaurant/range portion and a farm/residential portion.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2003
    Total area 2,724 SF
    Lot 12.97 ac (564,973 SF)
    Zoning code C1
    APN 372400 4.-1-49.1
    UPID US63-3113378
    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
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    Owner & transaction history
    ROBERT PFISTER CHARLES PFISTER MOCCIO
    ROBERT PFISTER CHARLES PFISTER MOCCIO
    Zoning & alternative use
    C1 · Patterson, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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