3191 Route 22, Patterson, NY 12563
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Patterson, NYPatterson. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.