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- LoopNet Team
266 Hudson St
Cornwall-on-Hudson, NY 12520
Painter's Tavern · Property For Lease
·
15,756 SF

HIGHLIGHTS
- Largest commercial parcel in Cornwall on Hudson
- Located in a hotel/inn
- Heavy foot traffic from locals and visitors
ABOUT THE PROPERTY
Welcome to Painters, an extraordinary restaurant opportunity nestled in the heart of the charming village of Cornwall on Hudson. This approximately 7,000 sq. ft. establishment is truly remarkable, boasting an impressive capacity of 200 seats spread across two inviting bars, three stylish dining rooms, and an elegant private event room. The restaurant's spacious layout ensures ample room for guests to indulge in exquisite culinary experiences, while the cozy patio seating offers a delightful ambiance for dining. Immerse yourself in the vibrant atmosphere as you explore the lively village, with its thriving local shops and bustling Main Street, all just a leisurely stroll away from the restaurant's doorstep. Painters has earned its place as a beloved and popular destination among locals, capturing hearts with its unique charm. Notably, its prime location guarantees seamless access to all seasonal parades and events, further enhancing its appeal as a sought-after gathering spot. Convenience meets the allure of escape, as Painters is conveniently positioned just 55 miles from NYC, making it an ideal retreat for urban dwellers seeking a serene getaway. The restaurant's strategic location allows for an enjoyable drive of just over an hour, striking the perfect balance between tranquility and accessibility. For aspiring restaurateurs, entrepreneurs, or those seeking an extraordinary investment opportunity, the restaurant is offered at an attractive turnkey fee of $340,000. This comprehensive package encompasses all essential equipment, from the state-of-the-art POS system to a fully stocked wine cellar. The seamless transition to ownership is further facilitated by the inclusion of non-perishable food items and all remaining inventory, ensuring a smooth continuation of operations. Additionally, the property offers the convenience of a full basement, complete with storage facilities and coolers designed to accommodate kegs and provide additional cold storage space. The space is leased at $15 per sq. ft. NNN, with utilities approximately totaling $29,000 per year for the entire building. The entire property could also be sold separately, including a small hotel and three apartments in addition to the restaurant, for $2,100,000. The 2022 annual taxes amounted to $26,929. Don't miss this chance to embrace the allure of Painters, where culinary excellence meets the charm of Cornwall on Hudson. With its irresistible features, remarkable location, and exceptional value, this extraordinary restaurant opportunity is poised to fulfill your entrepreneurial dreams.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 15,756 SF |
| Property Subtype | Hotel | Year Built/Renovated | 1820/1985 |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Size | 15,756 SF |
| Year Built/Renovated | 1820/1985 |
ATTACHMENTS
| Cornwall On Hudson CBS Zoning |
Listing ID: 28566457
Date on Market: 5/24/2023
Last Updated:
Address: 266 Hudson St, Cornwall-on-Hudson, NY 12520
The Hospitality Property at 266 Hudson St, Cornwall-on-Hudson, NY 12520 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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