Tuckahoe, NY
174 Marbledale Road

admiral real estate - 174 marbledale road tuckahoe
Investment Sales
|
174 Marbledale Road, Tuckahoe, NY
|
SOLD

Description

Long established restaurant property (30 + years), with a successful operator in-place. Approximately 1,200 sq. ft. with an additional 400 sq. ft. tented space used for dinning and special events on a seasonal basis (April – November). The current tenant, a very successful operator at multiple locations, has been in the space for 5 years and has 5 years left on the lease. The lease is (NNN) and tenant is responsible for all tax and insurance payments as well as maintenance of the grounds.  New Fairfield Inn hotel in development across the street and a new 108 unit luxury rental development, in the final stages of construction, at the intersection of Marbledale Road and Main Street, just 2 blocks from the site.

Property is being offered at an 8.25% Cap Rate on in-place income.

 

Location

174 Marbledale Road, Tuckahoe, Westchester, NY 10707, United States

Attachments

    John Barrett

    Investment Sales

    914-779-8200 x114
    646-678-1153

    Professional Experience John Barrett directs the firm’s investment sales activities, exclusively representing private and institutional property owners. Prior to Admiral, John spent six years at Massey Knakal Realty Services, where he spearheaded the firm’s expansion into Westchester County. Since 2005,..

    Contact

    Message has been sent successfully.