50 Lake St - Warehouse FOR SALE


Liberty, NY 12754
$895,000 USD
201-653-8488
50 Lake St, Liberty, NY for Sale
$895,000 USD
Warehouse - FOR SALE
1/8
null | 6.09% Cap Rate

50 Lake St
Liberty, NY 12754


HIGHLIGHTS

  • Successful Tap Room and Event Space
  • 20 tap draft system, complete with taps, couplers, beer gas mixer, gas and beer lines, large cold room, new blower and condensing unit
  • 4,400 sq ft of event space with 18 foot by 11 foot stage, lighting and sound system

OVERVIEW

Amazing opportunity to own a popular brewery tap room and building. Located in the heart of the western Catskills in Liberty, NY this former railroad transfer station offers close to 9,000 square feet on two levels, with multiple bay doors and parking for 40 cars. The tap room is located on the ground level with 40 foot oak wood bar with a 20 tap draft system, complete with taps, couplers, beer gas mixer, gas and beer lines, large cold room, new blower and condensing unit. A large open space with 8 farmhouse tables that seat 8 to 10 patrons and a 17x11 foots stage with projector and large screen, has been the site of live bands and special events. The tap system, sound system, lighting and furniture is included in sale. There is plenty of room to add a kitchen to expand the business with a restaurant. The lower level currently generates rental income and could be reconfigured to maximize rent or to install brewery equipment The building and business are included in the sale. The cap rate is estimated at 6%+. The owner currently brews its award winning craft beer, cider and hard soda at another location, but can continue to supply the new owner at wholesale prices. There is an exterior handicapped ramp and one bathroom is wheel chair accessible. The building was built to the specifications of the former O&W railroad with steel I-beams weight bearing floors, wall studs 12" on center to withstand train vibration. Zoned for commercial production Owner is also open to investors or partners to expand and operate business, so as to maximize sales. The brewery has multiple additional avenues to expand into. The founder is an award winning brewer, with 21+ years brewing experience along with strong customer service, construction, graphic design, event planning and social media skills. The owner is seeking to put the location into the hands of someone who can catapult it even further, or to remain on as a contributing partner. Listing agent must attend all showings. Buyer proof of funds or pre-approval required prior to any showing. Income and expense report is available for qualified buyers. Buyer responsiblemust confirm property tax information with appropriate tax authorities.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

6.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.72

LAND SF

31,363

ZONING

C

APN/PARCEL ID

3601-114-0-0002-002-000

ASK ABOUT THIS PROPERTY

JON GILBERTWeichert RealtorsMore Info
201-653-8488

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JON GILBERTWeichert RealtorsMore Info
201-653-8488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.