51 Tinker StWoodstock, NY 12498

Property Details for 51 Tinker St

Year built

1985

Lot size

0.05 AC

Property size (Sq ft)

2,229 SF

Zone code

HC

Property type

Turn key restaurants

APN

515800 27.55-4-28

APU

5158002755428

Description

This 3,360 square foot, two-story commercial building is located on a highly visible corner lot in the heart of Woodstock, NY's bustling main street. The property boasts a prime location with high foot traffic, benefiting from its history as a successful cafe for decades. The current tenant, operating as a cafe, has a lease expiring December 2024, generating a monthly rental income of $5,000. Starting January 1, 2025, the lease will increase to $7,000 per month, triple net, resulting in an annual net income of $84,000. The building features high ceilings, large windows, and separate entrances for the upper and lower levels, offering flexibility for various uses. The ground floor includes a dining room, a fully equipped kitchen with a walk-in cooler, and a waitstaff station. The spacious upper level currently houses a full-service bar, stockroom/prep area, office with wine and liquor storage, and additional space suitable for a wine bar, coffee shop, or other complementary business. Two restrooms are conveniently located, one on each floor. Parking is available on surrounding streets and in a nearby municipal lot, with a private driveway for deliveries. Zoned HC (Hamlet Commercial), this versatile property is ideal for a restaurant, retail shop, office, nightclub, hospitality venue, or a combination thereof. The 0.05-acre lot provides a manageable footprint in this desirable location. Owner financing is available. This is a rare opportunity to own a thriving commercial property in one of America's most iconic small towns.

• CAP approach

  CAP return

  Valuation

  6%

  $813,966

  6.5%

  $751,353

  7%

  $697,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $738,861

  Geo Method

  $733,928

• Alternative Use

  Use

  Valuation

  Residential

  $633,794

  Hospitality

  $580,552

  Educational

  $483,013

  Medical

  $499,624

  Retail

  $751,353

Location Insight

City

Woodstock

County

Ulster

State

New York

Latitude

42.0403

Longitude

-74.1197

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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