5981 Route 44 55 Kerhonkson, NY 12446
- Drive through restaurants
- 1,756 SF
- 0.26 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 5981 Route 44 55
- Year built
- 1960
- Lot size
- 0.26 lot acres
- Property size
- 1,756 SF
- Zone code
- R2
- Property type
- Drive through restaurants
- APN
- 514400 76.3-2-59
- APU
- 514400763259
Description
This exceptional 1,756 square foot commercial property, situated on a 0.26-acre lot at 5981 Route 44 55 in Kerhonkson, NY, presents a unique opportunity for an immediate start in the thriving food service industry. The property is fully equipped and ready for a new owner to step in and begin operations. All equipment, fixtures, and tables are included in the sale price of $339,900. The location boasts excellent road visibility and is just minutes away from the popular Minnewaska State Park, attracting a steady stream of hikers, climbers, and tourists seeking dining options. This high-traffic area within the Hudson Valley guarantees a built-in customer base. The existing layout offers ample space for expansion, including the potential to add outdoor seating and additional parking to further enhance the business's capacity and appeal. The seller is retiring, making this a truly turnkey operation with immediate potential for success. This is a rare chance to acquire an established business in a desirable location with significant growth opportunities. Don't miss this chance to own a piece of the Hudson Valley's vibrant culinary scene.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $280,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $310,000
- Mixed-Use
- $290,000
- Hospitality
- $305,000
- Educational
- $290,000
- Residential Income
- $290,000
- Energy
- $285,000
- Income-Based Land
- $290,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Kerhonkson
- County
- Ulster
- State
- New York
- Longitude
- -74.2881
- Latitude
- 41.7626
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA