51 Tinker St Woodstock, NY 12498-1234
- Turn key restaurants
- 2,229 SF
- 0.05 lot acres
Current Use by Public Records
- Allison Restaurant / Italian Restaurant / Hamburger Restaurant
Property Details for 51 Tinker St
- Year built
- 1985
- Lot size
- 0.05 lot acres
- Property size
- 2,229 SF
- Zone code
- HC
- Property type
- Turn key restaurants
- APN
- 515800 27.55-4-28
- APU
- 5158002755428
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,630,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,295,000
- 7%
- $1,295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,180,000
- Geo Method
- $1,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,125,000
- Retail
- $1,120,000
- Mixed-Use
- $1,290,000
- Hospitality
- $1,205,000
- Educational
- $1,285,000
- Residential Income
- $1,255,000
- Energy
- $1,415,000
- Income-Based Land
- $1,140,000
- Food Service
- $1,405,000
Location Insight
- Map
- Local Demand
- City
- Woodstock
- County
- Ulster
- State
- New York
- Longitude
- -74.1197
- Latitude
- 42.0403
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
