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    OFF-MARKET
    Bars & Pubs

    44681 State Rte 28, Arkville, NY 12406-1589

    1,708 SF 3.3 ac lot Built 1950
    Entity Owned ~ Est. High Equity
    Property ID
    US63-4364117
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1950
    Total area 1,708 SF
    Lot 3.3 ac (143,748 SF)
    Zoning code R5
    APN 124689 285.-2-5.2
    UPID US63-4364117
    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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    Blend (final) Blend
    by Request
    Owner & transaction history
    State Route 28 LLC
    State Route 28 LLC
    since 2025
    Last sale
    $385,000
    2 recorded transactions
    2025
    $385,000
    2018
    $275,000
    Zoning & alternative use
    R5 · Arkville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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