505 Piermont Avenue,Piermont, NY 10968
Piermont, NY 10968
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 dramaticallymaking 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 estatelocation, location, locationand 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 conceptsan 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.
Details
| MLS # | 991859 |
|---|---|
| Listing Type | For Sale |
| Building Name | Otto Full Service |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 138 |
| Listing Provided By | Ellis Realty Commercial | Hamid Moghadam |
Features
| SQ Feet | 5,093 |
|---|---|
| Zoning | BB |
| Acreage | 0.27 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Appliances | Dishwasher, Oven, Refrigerator |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 312500 |
| Tax Annual Amount | 42304.2 |
Area Information
| State | NY |
|---|---|
| County | Rockland County |
| City | Piermont |
| Zip Code | 10968 |
| Listing VS Median (in 10968) | |
Price: $599,000 low | high Med: $674,000 sqft: 5,093 low | high Med: 1,262 $ / sqft: $118 low | high Med: $534 On site: 138 low | high Med: 89.5 | |
Market Activity 10968
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Learn More About This Property
| State | NY |
|---|---|
| County | Rockland County |
| City | Piermont |
| Zip Code | 10968 |
| Listing VS Median (in 10968) | |
Price: $599,000 low | high Med: $674,000 sqft: 5,093 low | high Med: 1,262 $ / sqft: $118 low | high Med: $534 On site: 138 low | high Med: 89.5 | |
 | $3,699,000510 Piermont AvenuePiermont, NY 10968 |