1300 State Route 213 - Restaurant FOR SALE


High Falls, NY 12440
$995,000 USD
845-417-8300
1300 State Route 213, High Falls, NY for Sale
$995,000 USD
Restaurant - FOR SALE
1/54
null | Request Cap Rate

1300 State Route 213
High Falls, NY 12440


HIGHLIGHTS

  • One of the most iconic restaurant/bars in the Hudson Valley, in business for more than 50 years
  • Celebrated dining and drinking destination, known for its great food, eclectic artwork, and creative community vibe
  • Spectacular corner location at the primary intersection in the happening hamlet of High Falls
  • Sale includes elegant and serene Woodstock-style home, allowing restaurant owner to live on site, or rent out for major income
  • More than $700,000 invested in upgrades to restaurant and home since 2016
  • True turn-key restaurant + residential opportunity that will be profitable from day one

OVERVIEW

For only the second time in its storied 50-year history, the iconic Egg’s Nest Restaurant is being offered for sale or for lease. Situated on the best corner of the happening hamlet of High Falls, The Egg’s Nest is a Hudson Valley institution, beloved by locals, part-time residents, and travelers alike. Its whimsical brightly-colored exterior draws guests in, and the restaurant’s interior is a floor-to-ceiling work of art that is utterly unique, adding discovery and wonder to The Egg’s Nest experience. Weekend brunch at The Egg’s Nest is a “can’t miss” highlight of any Hudson Valley visit, and the evening scene in the warm and intimate Egg’s Nest bar forms the beating heart of the High Falls community. Current ownership, which took stewardship of The Egg’s Nest complex from the legendary Richard Murphy in 2016, has invested more than $700,000 in upgrades and improvements. Top-to-bottom renovations include a state-of-the-art oversized kitchen, a full basement prep area, a beautiful sun-filled private event space, a tropically-themed dining deck, and a new bluestone patio. In total, the restaurant measures nearly 5,000 square feet, plus an additional 2,200 square feet of outdoor space that serves to capture overflow business that often overwhelms the indoor capacity. A new owner can build upon the tremendous success of this long-established venue by unlocking the value of four large renovated rooms on the second floor of the historic restaurant, potentially adding a lodging element to The Egg’s Nest experience. Perhaps most critically, the Egg’s Nest complex includes an enchanting two-story home that has been artistically renovated, providing an exceptionally rare opportunity for a new owner to live on site. The home has always been the residence of The Egg’s Nest proprietor, offering a refined Woodstock aesthetic with an open-plan layout on the ground floor and a spectacular loft-like bedroom suite and screened-in sitting room on the second floor. The home’s beautiful outdoor spaces include multiple decks and a fire pit area surrounded by mature gardens and trees, creating a truly private oasis in the center of town. If new owners do not wish to live in the home, it would instantly become one of the most sought-after rental units in the region. This offering includes the home, the restaurant building, and the restaurant business and equipment – a true turn-key opportunity. Please continue your discovery of The Egg’s Nest by exploring our associated documents, including a full 3D virtual tour (in the "Links" section) and a detailed floor plan and narrative of “The Egg’s Nest Experience” (in the Brochures & Other Documents section). Guided tours available upon request. Co-listed with Corcoran Country Living.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1869

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

B1

APN/PARCEL ID

3400-070.046-0001-015.000-0000

ASK ABOUT THIS PROPERTY

Matt EylerNew Paltz PropertiesMore Info
845-417-8300

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Matt EylerNew Paltz PropertiesMore Info
845-417-8300

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