This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

654 Main St

2,508 SF Retail Building Margaretville, NY 12455 $284,400 CAD ($113 CAD/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 (CAD) Annual Per SF (CAD)
Taxes $5,170 $2.06
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2021)

Taxes (CAD)
Annual $5,170
Annual Per SF $2.06
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $5,170
Annual Per SF $2.06

Property Facts Under Contract

Sale Type
Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,508 SF
Building Class
B
Year Built/Renovated
1968/2000
Price
$284,400 CAD
Price Per SF
$113 CAD
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

PROPERTY TAXES

Parcel Number
124603-306-007-0009-014-200
Land Assessment
$25,774 CAD (2023)
Improvements Assessment
$171,594 CAD (2023)
Total Assessment
$197,368 CAD (2023)
Annual Taxes
$5,170 CAD ($2.06 CAD/SF)
Tax Year
2021
  • Listing ID: 22461481

  • Date on Market: 2021-03-12

  • Last Updated:

  • Address: 654 Main St, Margaretville, NY 12455

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}