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    FOR SALE
    Investment properties

    850 Main St, Margaretville, NY 12455

    2,064 SF 0.22 ac lot Built 1950
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-1271236
    Property summary
    AI-generated overview

    This meticulously renovated 2,064 sq ft building in downtown Margaretville, NY, offers a unique investment opportunity. The property includes a thriving, French-inspired bar, Zada's, with classic Art Deco accents, and a successful personal training gym, The Studio Upstate, providing immediate income. The large main space is adaptable, suitable for multiple retail spaces, art galleries, studios, or wellness concepts. A 600 sq ft unfinished garage with 13-foot ceilings offers additional flexibility, potentially for an outdoor kitchen or event space. The 0.22-acre lot features a 100' x 35' private yard ideal for outdoor events. Located 2.5 hours from NYC and on the Trailways Bus route, Margaretville is a year-round destination with access to hiking, skiing, and fly-fishing. The town's growing arts and culinary scene adds to the property's appeal, making it an excellent choice for business owners or investors seeking a versatile, turnkey space in a vibrant Catskills location. The concrete slab floor in the main space adds to its adaptability and functionality.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1950
    Total area 2,064 SF
    Lot 0.22 ac (9,583 SF)
    Zoning code GV
    APN 124603 306.7-7-8
    UPID US63-1271236
    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
    • Zada's Restaurant
    • Rick's Attic Home Decor Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Yellow Deer Hldgs Co LLC · 2 yrs held
    Yellow Deer Hldgs Co LLC
    since 2024
    Last sale
    $250,000
    2 recorded transactions
    2024
    $250,000
    2019
    $147,000
    Zoning & alternative use
    GV · Margaretville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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