ID# 1547 - REDUCED - Downtown Restaurant/Bar With Three Apartment Rentals
Orange County, NY
Asking Price: $1,150,000 Reduced
Recently reduced! Located in the heart of a scenic area in Orange County, NY is a lovely brick oven pizza restaurant and bar. This 5,850 sq. ft. building houses not just the well-appointed restaurant but also 3 apartments upstairs that bring in $33,600 per year in rent. The stunning $30,000 pizza oven is the centerpiece of the main dining room which seats 65. The inviting bar room seats 16 and there is also a separate two-level party room for another 75 guests (30 upstairs and 45 downstairs). The building is in very good condition and needs little to no updating unless you plan to reinvent the concept. Current gross annual sales are at $1.1M, though the owners were doing over $1.2M for a number of years. The partners have been operating at this location for the past eleven and a half years and are now looking to sell and retire. There is a large municipal parking lot directly across the street and plenty of on-street parking since the place is situated right smack in the middle of downtown. Don't miss this opportunity to get into a popular restaurant site that includes property and healthy apartment rentals. Schedule your showing today to see it up close.
Real Estate: Owned
Building SF: 5,850
Sale Includes: Business, Property, 3 Rental Units and Furniture, Fixtures & Equipment