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About This Home

This 0-bedroom, 0-bathroom single family at 505 Piermont Avenue in Piermont, NY is listed for $599,000. on a 0.27 acres lot.

Agent 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 dramatically-making 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 estate-location, location, location-and 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 concepts-an 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.

Key Features

  • 0.27 acre lot

Amenities

A/C

Monthly Cost Estimate

$3,204/mo

20% down · 6.5% · 30 years

Principal$433
Interest$2,596
Insurance$175

Estimates only. Actual payments may vary.

Location

505 Piermont Avenue

Piermont, NY 10968

Property Details

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherOvenRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom single family at 505 Piermont Avenue is listed at $599,000. The estimated monthly payment is $2,596 based on 20% down at 6.5% interest.

Key features include: 0.27 acre lot.

This property is listed by Hamid Moghadam and can be reached at 8452167670 or hamid.moghadam@ellissothebysrealty.com.

HM

Hamid Moghadam

Agent at Ellis Realty Commercial

(845) 216-7670

Listed by Ellis Realty Commercial

MLS# 991859· Source: listhub· Updated 32 days ago

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505 Piermont Avenue, Piermont, NY 10968

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