553 County Road 94Hankins, NY 12741

Property Details for 553 County Road 94

Year built

1950

Lot size

0.28 AC

Property size (Sq ft)

3,160 SF

Zone code

RR

Property type

Bars

Property subtype

Pubs

APN

483200 33.A-1-8

APU

48320033A18

Description

This exceptional investment opportunity presents a thriving, turnkey restaurant and tavern situated on a 0.27-acre corner lot at 553 County Road 94, Hankins, NY. Boasting 4,440 square feet, the property enjoys a prime location just off State Route 97, providing easy access to Callicoon and Port Jervis. The recently updated bar features a modern kitchen equipped with updated appliances and two restrooms. The spacious, open layout creates a welcoming atmosphere, complemented by an enclosed porch and a sizable backyard ideal for outdoor events and entertainment. The property's history as a local favorite ensures consistent foot traffic and strong revenue generation. A substantial barn offers ample storage space. Above the commercial space, a comfortable 3-bedroom, 1.5-bathroom apartment awaits, complete with a kitchen and formal dining area. A large, unfinished attic presents significant potential for expansion and customization. This established business is deeply integrated into the local community, offering a unique blend of commercial and residential living. The property's combination of a successful business and comfortable living quarters makes it an unparalleled investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,153,940

  6.5%

  $1,065,175

  7%

  $989,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,047,465

  Geo Method

  $1,040,472

• Alternative Use

  Use

  Valuation

  Residential

  $898,515

  Hospitality

  $823,035

  Educational

  $684,755

  Medical

  $708,305

  Retail

  $1,065,175

Location Insight

City

Hankins

County

Sullivan

State

New York

Latitude

41.8362

Longitude

-75.0668

Property Tax & Assessments

FAQs

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