5546 Rte 22 Millerton, NY 12546
- Turn key restaurants
- 2,684 SF
- 2.00 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 5546 Rte 22
- Year built
- 1967
- Lot size
- 2.00 lot acres
- Property size
- 2,684 SF
- Zone code
- A5A
- Property type
- Turn key restaurants
- APN
- 133889 7169-00-610925-0000
- APU
- 9223372036854775807
Description
This 2,984 square foot restaurant building is situated on a highly visible 2-acre lot along the busy Route 22 corridor, just south of Millerton Village. The property offers significant potential but requires extensive renovation. The exterior needs substantial work, including roof decking, perimeter posts and beams, all of which need replacing. There is evidence of mold present within the structure. Despite the needed repairs, the property boasts a recently approved Dutchess County Health permit for a 24-seat restaurant, based on the existing septic system. Parking plans are available for the site. It's important to note that the property includes wetlands. Access to the property is strictly controlled
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $55,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $60,000
- 6.5%
- $55,000
- 7%
- $60,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $60,000
- Geo Method
- $55,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $50,000
- Retail
- $60,000
- Mixed-Use
- $60,000
- Hospitality
- $50,000
- Educational
- $60,000
- Residential Income
- $45,000
- Energy
- $55,000
- Income-Based Land
- $45,000
- Food Service
- $55,000
Location Insight
- Map
- Local Demand
- City
- Millerton
- County
- Dutchess
- State
- New York
- Longitude
- -73.5388
- Latitude
- 41.9169
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA