654 Main Street $375,000

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    654 Main Street Margaretville, NY 12455

    • Commercial
    • MLS# 20213795
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    Views: 40 Days On Site: 303

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    Property Details

    Description Tours

    Has the time come to make a major move? Its time to consider some fresh air up in the Catskill mountains. Always wanted to run a restaurant with a tremendous outdoor watrerside pavilion? Heres your chance. Owners have retired and have reduced the price. 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. The current owners have lovingly operated and upgraded it with modern amenities plus a wood fired BBQ. 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 awonderful cash business with unlimited potential. Seller says it's time to retire. Virtual tour can be seen at https://tours.hudsonvirtualtours.com/public/vtour/display/1606041?a=1#!/ Seller financing is available with 50% down..https://tours.hudsonvirtualtours.com/1606041?idx=1

    • General Features
      • Age 41-60
      • Area Town DELAWARE
      • Business Name Summerfields
      • COMMERCIAL FEATURES FIREPLACE(S),HANDICAP ACCESS,KITCHEN FACILITES,PATIO/DECKS,PUBLIC BATHROOMS,SECURITY LIGHT(S),SECURITY SYSTEM,SIGNS OWNED,STORAGE AREA,U/G FUEL TANKS
      • CURRENT BUSINESS TYPE BAR/TAVERN
      • Foreclosure No
      • General Taxes 1407
      • Neighborhood MARGARETVILLE
      • School Tax 1568
      • Sewer COMMUNITY
      • Short Sale No
      • TERMS CASH PREFERRED,TO QUAL. BUYER,W/25+ DOWN
      • Type Restaurant
      • Year Built 1968
    • Building Features
      • BASEMENT PARTIAL
      • Construction FRAME/STICK
      • COOLING AIR CONDITIONING CEILING FAN,DUCTLESS SPLIT AC UNITS,WALL UNIT
      • ELECTRICITY 400 AMPS,CIRCUIT BREAKERS
      • EXTERIOR DOORS UNDER 10FT,PARTIALLY FENCED
      • FLOORS CERAMIC,HARDWOOD
      • GARAGE PARKING EXTRAS LOT,parking spaces 11-20
      • HEAT SOURCE FORCED AIR
      • HEATING FUEL PROPANE
      • HOT WATER PROPANE
      • INTERIOR COOLING,OFFICE SQFT,WINDOW UNITS
      • OTHER ROOMS OFFICE
      • Total Building Sqft 2508
    • Property Features
      • Lot Dimensions irregular
      • LOT FEATURES FLOOD PLAIN,LEVEL,FLOOD ZONE
      • LOT SITE HAMLET/VILLAGE
      • Number of Acres 0.3
      • ROAD FRONTAGE CITY STREET,PAVED
      • WATER1 MUNICIPAL
    • Schools
      • School District Margaretville Central Schools
      • School District1 Margaretville Central Schools

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    Neighborhood

    12455 (Margaretville) Demographics

    59 Median Age
    20 Population Density (per sq. mile)
    43% College Educated
    $62,153 Estimated Median Income
    642 Estimated Total Home Owners
    165 Estimated Total Renters
    80% / 20% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    1,553 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $450,000 Median Sales Price
    1 Homes Sold
    2 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $375,000
        7/30/2022 4:02:54 PM Price Reduced Source: Multiple Listing Service New Value: $375,000 -6.23%
        10/9/2021 3:33:00 PM New in Database Source: Multiple Listing Service New Value: $399,900

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        MLS LogoThe data relating to real estate on this website comes in part from the IDX program of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Nutshell Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2022 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.