654 Main St
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654 Main St
2,508 SF Retail Building Margaretville, NY 12455 $200,000 ($80/SF)
Investment Highlights
- Serrene waterfront Pavilion, Ample parking available.
- Signage and incredible frontage on Main St in Margaretville.
Executive Summary
Open House Sunday, July 7th from noon to 4pm. refreshments and prizes offered. Recent price ruductions of $125,000. The previous owner has passed away and the "Estate says SELL"! Its time to consider some fresh air up in the Catskill mountains. Always wanted to run a restaurant and bar with a tremendous 1,400 sq ft outdoor watrerside pavilion? Heres your chance. Major price reduction is in place. Come take a look at this amazing space and make an offer. Main Street in Margaretville is bustleing again. There is a wonderful water view and waterside dining on the outside pavilion, as well as picnic tables overlooking the stream. This restaurant attracts a steady clientele of both locals, second home and day trippers. "Summerfields" is a Great Restaurant/ Bar with a year round outside pavilion known as the prime location for wedding rehearsal, family gatherings, graduations, club functions and other celebrations. Margaretville is central to the multiple country wedding venues throughout the area. The beauty of the CatskillMountains and the Delaware River Basin including the nearby Papecton Reservoir make this a majestic location for both private and public functions. There are local fishing, boating, hunting, biking, hiking, camping, golfing destinations and other leisure or vacation activities. This is a wonderful cash business with unlimited potential. Brokers send your buyer clients as all agency relationships will be honered. "Summerfields" is a Great Restaurant/ Bar with a year round outside pavilion known as the prime location for wedding rehearsal, family gatherings, graduations, club functions and other celebrations. Margaretville is central to the multiple country wedding venues throughout the area. The beauty of the Catskill Mountains and the Delaware River Basin including the nearby Papecton Reservoir make this a majestic location for both private and public functions. There are local fishing, boating, hunting, biking, hiking, camping, golfing destinations and other leisure or vacation activities. This is a wonderful cash business with unlimited potential. Estate says SELL!!.
Taxes & Operating Expenses (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,636
|
$1.45
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,636
|
$1.45
|
Taxes & Operating Expenses (Actual - 2021)
| Taxes | |
|---|---|
| Annual | $3,636 |
| Annual Per SF | $1.45 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,636 |
| Annual Per SF | $1.45 |
Property Facts Under Contract
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,508 SF
Building Class
B
Year Built/Renovated
1968/2000
Price
$200,000
Price Per SF
$80
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.30 AC
Zoning
Comm - Hamlet commercial allows for almost any commercial uses with site plan approval.
Parking
10 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
100 FT on Main Street (Co Rte 3)
Amenities
- Bus Line
- Courtyard
- Restaurant
- Security System
- Waterfront
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 124603-306-007-0009-014-200 | Total Assessment | $140,900 (2023) |
| Land Assessment | $18,400 (2023) | Annual Taxes | $3,636 ($1.45/SF) |
| Improvements Assessment | $122,500 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
124603-306-007-0009-014-200
Land Assessment
$18,400 (2023)
Improvements Assessment
$122,500 (2023)
Total Assessment
$140,900 (2023)
Annual Taxes
$3,636 ($1.45/SF)
Tax Year
2021
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654 Main St
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