50
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$599,000
Est. payment /mo
0.27 Acres Lot
New
505 Piermont AVE Piermont, NY 10968
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 991859
Rental Info No
Annual Tax Amount $42,304
Lot Size 0.270 Acres
Acres 0.27
Source onekey2
Property Description
Business Opportunity (Restaurant Sale)
Exceptional opportunity to acquire OTTO Full Service, a fully built-out and operating restaurant in the heart of Piermont's highly desirable riverfront corridor. This is a true turnkey offering with significant value driven by its prime location, strong lease structure, and extensive existing improvements.
The business benefits from a favorable long-term lease in place, providing stability and a solid foundation for future growth. Recreating this restaurant today would require substantial capital, as construction, labor, and equipment costs have risen dramatically—making this an attractive acquisition versus building from scratch.
Strategically positioned in Piermont, a well-known destination market drawing clientele from both New Jersey and New York City, the location enjoys consistent traffic driven by dining, tourism, and weekend visitors. As the saying goes in real estate—location, location, location—and this property delivers.
The space includes a fully approved outdoor patio (no additional approvals required), a major advantage for revenue generation, along with dedicated parking, a rare and valuable feature in this area. The layout supports full-service dining and offers flexibility for private events, live music, and entertainment concepts—an increasingly popular trend as consumers seek high-quality local experiences outside of NYC.
Ideal for an experienced hospitality operator or investor looking to capitalize on an established setup in a thriving market. With the right vision and execution, this location offers substantial upside potential.
Exceptional opportunity to acquire OTTO Full Service, a fully built-out and operating restaurant in the heart of Piermont's highly desirable riverfront corridor. This is a true turnkey offering with significant value driven by its prime location, strong lease structure, and extensive existing improvements.
The business benefits from a favorable long-term lease in place, providing stability and a solid foundation for future growth. Recreating this restaurant today would require substantial capital, as construction, labor, and equipment costs have risen dramatically—making this an attractive acquisition versus building from scratch.
Strategically positioned in Piermont, a well-known destination market drawing clientele from both New Jersey and New York City, the location enjoys consistent traffic driven by dining, tourism, and weekend visitors. As the saying goes in real estate—location, location, location—and this property delivers.
The space includes a fully approved outdoor patio (no additional approvals required), a major advantage for revenue generation, along with dedicated parking, a rare and valuable feature in this area. The layout supports full-service dining and offers flexibility for private events, live music, and entertainment concepts—an increasingly popular trend as consumers seek high-quality local experiences outside of NYC.
Ideal for an experienced hospitality operator or investor looking to capitalize on an established setup in a thriving market. With the right vision and execution, this location offers substantial upside potential.
Location
State NY
County Rockland County
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Dishwasher, Oven, Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
Listed by Ellis Realty Commercial • Hamid Moghadam
NEARBY SCHOOL & BUSINESS
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