99 Ferndale RdFerndale, NY 12734

Property Details for 99 Ferndale Rd

Year built

1965

Lot size

1.10 AC

Property size (Sq ft)

2,629 SF

Zone code

IC

Property type

Turn key restaurants

APN

483689 36.-1-91

APU

48368936191

Description

This exceptional Class A, 2,965 sq ft restaurant in Ferndale, NY, is available for $549,900. Located on a 1.1-acre lot at 99 Ferndale Rd (zip code 12734), this vacant property boasts a prime riverfront location with stunning waterfall views and unique rock formations. Built in 1940 and renovated in 2014, the single-story building features a fully equipped restaurant with seating for 65, a stage, commercial kitchen, and bar with a full liquor license. A full basement includes an office overlooking the falls. Outdoor amenities include a deck, courtyard gardens, and two outbuildings. The property offers 15 parking spaces and is zoned for commercial use. Its convenient location near I-87 exit 101 makes it easily accessible. This property presents a unique opportunity for a restaurant, brewery, medical office, or other businesses seeking to capitalize on the area's natural beauty and growing tourism, fueled by nearby attractions such as Resorts World Casino, Kartrite Waterpark, and Bethel Woods. The occupancy date is October 31, 2023.

• CAP approach

  CAP return

  Valuation

  6%

  $960,034

  6.5%

  $886,185

  7%

  $822,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $871,452

  Geo Method

  $865,633

• Alternative Use

  Use

  Valuation

  Residential

  $747,530

  Hospitality

  $684,734

  Educational

  $569,690

  Medical

  $589,283

  Retail

  $886,185

Location Insight

City

Ferndale

County

Sullivan

State

New York

Latitude

41.7722

Longitude

-74.7404

Property Tax & Assessments

FAQs

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