76 State Rte 214 Phoenicia, NY 12464-5131
- Turn key restaurants
- 0.47 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 76 State Rte 214
- Lot size
- 0.47 lot acres
- Property type
- Turn key restaurants
- APN
- 515000 14.13-1-71
- APU
- 5150001413171
Description
This exceptional 3,800 square foot property at 76 State Route 214 in Phoenicia, NY presents a unique investment opportunity. Situated on a 0.47-acre lot, this landmark establishment, known as Tavern 214, boasts a thriving restaurant business with all equipment included. The main floor features a 1,000 square foot dining room complemented by a beautifully updated bar, and an additional 1,000 square feet of adaptable space. Outdoor dining is enhanced by a spacious covered porch. The property also includes a fully functional commercial kitchen, a loading area, a concrete block garage (currently rented), and a full basement. Upstairs, a substantial 4-bedroom area with additional renovable space offers significant potential for development as a bed and breakfast or similar venture, capitalizing on the area's popularity as a tourist destination. The property's prime location in the heart of the Catskills, ample parking, and existing business infrastructure provide a strong foundation for continued success and expansion. This is a rare chance to acquire a well-established business with significant upside in a highly desirable location. The asking price is $645,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenicia
- County
- Ulster
- State
- New York
- Longitude
- -74.3174
- Latitude
- 42.0856
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
