44681 State Rte 28, Arkville, NY 12406-1589
This thriving Catskills restaurant and bar, situated at 44681 State Route 28 in Arkville, NY, presents a unique investment opportunity. Spanning 1,708 square feet on a 3.3-acre lot, this fully licensed establishment has enjoyed consistent success for over two decades, boasting a loyal year-round clientele. Its prime location, minutes from Belleayre Mountain Ski Center and other regional attractions, ensures a steady stream of customers. The sale includes all equipment and fixtures, allowing for a seamless transition. The property features multiple outdoor seating areas, enhancing its appeal and capacity. These areas range from a covered dining area equipped with heat lamps to a cozy fire pit seating area. Known for its exceptional pizza and lively outdoor bar, the business currently operates for lunch and dinner service. This profitable venture is open year-round, providing a stable income stream. An attractive add-on option exists: the owner may consider selling two adjacent properties as a package deal for $1,125,000. This package includes a 2-bedroom, 2-bathroom single-family home and a cottage requiring renovations, expanding the total acreage to approximately 9.7 acres. This presents a significant expansion opportunity for the right buyer.
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
Property description
Physical attributes from public recordsZoning & alternative use
R5 · Arkville, NYArkville. Always verify with local authorities before improvements.
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.