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    FOR SALE
    Turn key restaurants

    401 Main St, New Paltz, NY 12561

    6,403 SF 1.8 ac lot Built 1958
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US63-5656268
    Property summary
    AI-generated overview

    This exceptional 1.8-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of New Paltz, New York. Located at 401 Main St, this property boasts a highly desirable B2 zoning designation, opening doors to a wide array of commercial development possibilities. The asking price is $1,500,000, translating to approximately $833,333.33 per acre, reflecting the exceptional value and strategic location. Situated directly on Route 299 and in close proximity to I-87 (the New York State Thruway), this site benefits from unparalleled visibility and accessibility. With over 20,000 vehicles traversing Route 299 daily and over 40,000 on the Thruway, the potential for high foot traffic and brand exposure is substantial. This vacant lot offers a blank canvas for entrepreneurs seeking to establish a new business or expand an existing franchise. The property's prime location within Ulster County, New York, and its convenient access to major transportation arteries make it an ideal choice for businesses seeking maximum visibility and accessibility. The 12561 zip code further underscores its strategic position within a vibrant and growing community. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a sought-after area.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1958
    Total area 6,403 SF
    Lot 1.8 ac (78,408 SF)
    Zoning code B2
    APN 513889 86.12-5-27
    UPID US63-5656268
    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
    by Request
    Comparable Approach Comparable
    $840k
    Blend (final) Blend
    $805k
    Owner & transaction history
    Rrj Capital LLC · 9 yrs held
    Rrj Capital LLC
    since 2016
    5 recorded transactions
    2016
    $1.2M
    2007
    $1.1M
    1969
    1969
    1969
    Zoning & alternative use
    B2 · New Paltz, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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