40 Orange Tpke
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40 Orange Tpke
7,651 SF 10% Leased Retail Building Sloatsburg, NY 10974 $2,475,000 ($323/SF)
Executive Summary
For 25 years, Rhodes North Tavern has been a dining and entertainment institution. Patrons travel from all over the tri-state area to experience Rhodes and its warm and friendly atmosphere. The expansive bar room, unique outdoor picnic area, outdoor bar and restrooms, and manmade sandy beach overlooking a beautiful stream make this a one-of-a-kind location. Open 7 days a week for lunch, dinner, late-night dining, cocktails and entertainment, Rhodes appeals to customers of all ages. The property is located on a very busy stretch of Route 17 in Sloatsburg, NY and has an average daily traffic count of 25K +/-. The two-story building seats approximately 220 guests throughout the bar, dining rooms and 2 private dining rooms, and has accommodations for another 125+ patrons outdoors. The restaurant features a full basement, sprinkler system, alarm system, cameras, city water, sewer and natural gas. With the area rapidly growing and 450 new luxury apartments nearby, there is unlimited potential at this gem of a location.
This is an asset sale which includes the real estate, liquor license (application) and FF&E. In lieu of purchase of the property, the Seller will also lease the restaurant with the option to purchase with $250K down and monthly rent of $15K. Lease terms to be negotiated.
Showings are by appointment only. Do not contact the owner directly or speak with the staff in regards to the sale. If you’re interested in learning more about this one-of-a-kind location, call us today at 201-845-3700.
This is an asset sale which includes the real estate, liquor license (application) and FF&E. In lieu of purchase of the property, the Seller will also lease the restaurant with the option to purchase with $250K down and monthly rent of $15K. Lease terms to be negotiated.
Showings are by appointment only. Do not contact the owner directly or speak with the staff in regards to the sale. If you’re interested in learning more about this one-of-a-kind location, call us today at 201-845-3700.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,651 SF
Building Class
B
Year Built
1990
Price
$2,475,000
Price Per SF
$323
Percent Leased
10%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.06
Land Acres
3.08 AC
Zoning
05
PROPERTY TAXES
Parcel Number | 392603-038-052-0001-016-000-0000 | Improvements Assessment | $65,000 |
Land Assessment | $60,000 | Total Assessment | $125,000 |
PROPERTY TAXES
Parcel Number
392603-038-052-0001-016-000-0000
Land Assessment
$60,000
Improvements Assessment
$65,000
Total Assessment
$125,000
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