5981 Route 44 55Kerhonkson, NY 12446

Property Details for 5981 Route 44 55

Year built

1960

Lot size

0.26 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $641,240

  6.5%

  $591,914

  7%

  $549,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $582,073

  Geo Method

  $578,186

• Alternative Use

  Use

  Valuation

  Residential

  $499,301

  Hospitality

  $457,357

  Educational

  $380,516

  Medical

  $393,602

  Retail

  $591,914

Location Insight

City

Kerhonkson

County

Ulster

State

New York

Latitude

41.7626

Longitude

-74.2881

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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