555 State Route 55 Eldred, NY 12732

Property Details for 555 State Route 55

Year built

1973

Lot size

0.89 lot acres

Property size

3,598 SF

Zone code

HC

Property type

Turn key restaurants

APN

483400 13.-7-5

APU

4834001375

Description

This exceptional investment opportunity encompasses a 3,598 square foot multi-unit commercial building situated on a 0.89-acre lot in the vibrant hamlet of Eldred, New York. The property features three established businesses: a popular diner, a well-established mechanic's garage, and a retail space, all currently generating rental income. The diner, a local favorite for over 30 years, boasts a 50-person seating capacity, a 12-seat counter, and a fully equipped kitchen. Its consistent popularity is evident in the consistently full parking lot. Both the mechanic's garage and the retail space are also currently under lease agreements, providing a stable stream of rental revenue. Eldred is experiencing significant growth, making this property an attractive investment for both business owners and investors seeking strong returns. The property's location offers easy access to major transportation routes, being approximately two hours from New York City and 25 minutes from train service. The surrounding area provides abundant recreational opportunities, including the Delaware River for fishing and rafting, Bethel Woods Performing Arts Center, Kartrite Indoor Water Park, Resorts World Casino, and various ski resorts like Holiday Mountain and Big Bear at Masthope Mountain. Numerous hiking and biking trails, along with renowned farmers markets, contribute to the area's year-round appeal. The property is heated by oil and features above-ground fuel storage. This is a rare chance to acquire a well-established, income-producing property in a rapidly growing community with significant potential for future expansion and increased profitability.

Location Insight

City

Eldred

County

Sullivan

State

New York

Longitude

-74.8856

Latitude

41.5262

Property Tax & Assessments