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    OFF-MARKET
    Turn key restaurants

    555 State Rte 55, Eldred, NY 12732-5220

    3,598 SF 0.89 ac lot Built 1973
    Entity Owned Free & Clear
    Property ID
    US63-3205217
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1973
    Total area 3,598 SF
    Lot 0.89 ac (38,768 SF)
    Zoning code HC
    APN 483400 13.-7-5
    UPID US63-3205217
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Eldred Service Station Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ronin Stones INC
    Ronin Stones INC
    since 2025
    1 recorded transaction
    2025
    $575,000
    Zoning & alternative use
    HC · Eldred, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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