553 County Road 94 Hankins, NY 12741
For Sale
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This exceptional investment opportunity presents a thriving, turnkey restaurant and tavern situated on a 0.27-acre corner lot at 553 County Road 94, Hankins, NY. Boasting 4,440 square feet, the property enjoys a prime location just off State Route 97, providing easy access to Callicoon and Port Jervis. The recently updated bar features a modern kitchen equipped with updated appliances and two restrooms. The spacious, open layout creates a welcoming atmosphere, complemented by an enclosed porch and a sizable backyard ideal for outdoor events and entertainment. The property's history as a local favorite ensures consistent foot traffic and strong revenue generation. A substantial barn offers ample storage space. Above the commercial space, a comfortable 3-bedroom, 1.5-bathroom apartment awaits, complete with a kitchen and formal dining area. A large, unfinished attic presents significant potential for expansion and customization. This established business is deeply integrated into the local community, offering a unique blend of commercial and residential living. The property's combination of a successful business and comfortable living quarters makes it an unparalleled investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
2 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
RR · Hankins, NYHankins. 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.
