49 Main Street, Phoenicia

$699,000

0 Beds
0 Baths
3,500 Sqft
.27 Acres
0 Garages

One of the most beloved and successful restaurants in the Catskills and Hudson Valley is ready for its next owner. In business for over 3 decades through good economies and bad, Sweet Sue's has remained a steady money maker and brunch destination for locals and tourists year round. World famous pancakes, among other delights have attracted a global following. The main floor of the building houses an ample commercial kitchen with walk-in cooler, Ansel system and exhaust systems, refrigeration, prep and dishwashing areas plus two separate dining rooms with a total of approximately 100 seats. The outdoor patio seats an additional 50. Each Dining room has separate heat, bathroom, window/display space and street entry if one wanted to rent half or both sides independently. Two apartments on the 2nd floor provide steady rental income. The possibilities are endless for a new owner to expand this business in many directions. Historically open only 4 days a week and only for brunch, one could remain with a comfortable income at this level or add days, hours, expanded takeout, add retail or private events. Upstairs tenants are currently month to month and those units could be used for long or short term rental income, owner occupancy or expanded business use. Is it time to move your business upstate or create a new one if you are already here? Phoenicia is one of the BEST small towns in the Hudson Valley. Gateway to the Western Catskills, and close to 3 ski resorts. Close to Woodstock, 2 hours from the GWB and a beautiful place to call home. Although already brimming with tourists and second homeowners, the desire for a year round place in the country with some space and room to breathe has brought a new wave of full time residents to the area who will want to call 49 Main St. their favorite spot in Phoenicia. Whichever business direction you choose to take, there will be residual business from many who return from afar year after year. A solid investment for any endeavor.

LISTING MAP

Mortage Calculator

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information