76 State Rte 214, Phoenicia, NY 12464-5131
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.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.