145 Route 22Pawling, NY 12564

Property Details for 145 Route 22

Year built

1987

Lot size

5.56 AC

Property size (Sq ft)

15,671 SF

Zone code

HB

Property type

Retail properties

Property subtype

Strip malls

APN

134089 7056-00-445030-0000

APU

9223372036854775807

Description

This 1,264 square foot restaurant presents a fantastic opportunity in Pawling, NY. Located on Route 22, a high-traffic area with 17,660 cars daily, this property boasts excellent visibility. The building includes a charming covered porch, ideal for additional seating. Inside, the restaurant comfortably seats 30 patrons and features all-new appliances. The current lease is for 10 years at $1,700 per month, with 9 years remaining. This turnkey operation is situated near a Hannaford supermarket and other retail businesses, ensuring a strong customer base. The existing pizza restaurant is fully equipped and ready for immediate operation, offering significant potential for growth through extended hours or menu expansion. The property includes both retail space and land. This is a prime opportunity for an established restaurateur or a new business owner looking to capitalize on a high-traffic location with strong retail presence. The asking price is $125,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,808,600

  6.5%

  $3,515,631

  7%

  $3,264,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,159,884

  Geo Method

  $5,159,884

• Alternative Use

  Use

  Valuation

  Residential

  $2,965,566

  Hospitality

  $2,716,443

  Educational

  $2,260,048

  Medical

  $2,337,775

  Retail

  $3,515,631

Location Insight

City

Pawling

County

Dutchess

State

New York

Latitude

41.5356

Longitude

-73.5863

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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