416 Main StCatskill, NY 12414

Property Details for 416 Main St

Year built

1919

Lot size

0.07 AC

Property size (Sq ft)

3,080 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Live-work space

APN

192601 156.70-3-20

APU

19260115670320

Description

This exceptional commercial property at 416 Main St, Catskill, NY, presents a rare opportunity. The renowned Village Pizza, a Main Street staple for over 30 years, occupies this 3,080 square foot building situated on a 0.7-acre lot. A complete interior renovation just six years ago modernized the restaurant while preserving its culinary charm. The kitchen boasts top-of-the-line equipment including a fire suppression system, a Baker's Pride double oven, an 8-burner stove, a double fryer, ample refrigeration, and elegant marble workstations. Mechanical systems are updated and efficient, featuring a Weil-McClain boiler and a Rennai instant hot water system. Even the front sidewalk benefits from radiant heat. A convenient garage for extra storage is located on the adjacent North Street frontage. Above the pizzeria is a 1400 square foot apartment, meticulously finished with high-end materials including tile, hardwood floors, granite countertops, and custom cabinetry. This apartment includes three bedrooms and one and a half bathrooms. The building is separately deeded and can be purchased independently or in conjunction with the adjacent 414 Main Street property. The pizzeria is available for lease to qualified buyers with strong financials. This turnkey operation offers a unique blend of established business and significant income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $765,120

  6.5%

  $706,264

  7%

  $655,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,138

  Geo Method

  $402,433

• Alternative Use

  Use

  Valuation

  Residential

  $875,768

  Hospitality

  $802,199

  Educational

  $667,420

  Medical

  $690,373

  Retail

  $1,038,209

Location Insight

City

Catskill

County

Greene

State

New York

Latitude

42.2203

Longitude

-73.8655

Property Tax & Assessments

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