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Property profile

51 Tinker St Woodstock, NY 12498

Turn key restaurants
Property ID
US63-1686552
View Sample
2,229 SF 0.05 ac lot Built 1985
Individually Owned 3-yr Hold ~ Est. High Equity
No photos on file
For Sale
Contact for pricing 2,229 SF
51 Tinker St, Woodstock, NY 12498-1234
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Property summary

AI-generated overview

This 3,360 square foot, two-story commercial building is located on a highly visible corner lot in the heart of Woodstock, NY's bustling main street. The property boasts a prime location with high foot traffic, benefiting from its history as a successful cafe for decades. The current tenant, operating as a cafe, has a lease expiring December 2024, generating a monthly rental income of $5,000. Starting January 1, 2025, the lease will increase to $7,000 per month, triple net, resulting in an annual net income of $84,000. The building features high ceilings, large windows, and separate entrances for the upper and lower levels, offering flexibility for various uses. The ground floor includes a dining room, a fully equipped kitchen with a walk-in cooler, and a waitstaff station. The spacious upper level currently houses a full-service bar, stockroom/prep area, office with wine and liquor storage, and additional space suitable for a wine bar, coffee shop, or other complementary business. Two restrooms are conveniently located, one on each floor. Parking is available on surrounding streets and in a nearby municipal lot, with a private driveway for deliveries. Zoned HC (Hamlet Commercial), this versatile property is ideal for a restaurant, retail shop, office, nightclub, hospitality venue, or a combination thereof. The 0.05-acre lot provides a manageable footprint in this desirable location. Owner financing is available. This is a rare opportunity to own a thriving commercial property in one of America's most iconic small towns.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Total area 2,229 SF
Lot 0.05 ac (2,178 SF)
Zoning code HC
APN 515800 27.55-4-28
UPID US63-1686552

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.63M

Owner & transaction history

since 2023
Last sale
$1.2M
3 recorded transactions
2023
$1.2M
2005
Price N/A
1969
Price N/A

Zoning & alternative use

HC · Woodstock, NY
Zoning description

The Hamlet Commercial (HC) District is an area where both central water and common sewer are provided. This district permits commercial, residential and civic/institutional uses to coexist at a moderate density and with…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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