Kelly Smith
Licensed Real Estate Salesperson
Licensed Real Estate Sales Person, REALTOR®
Greenville, NY

505 Piermont Avenue , Piermont, NY 10968

New - 10 Hours Ago
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Property 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.

505 Piermont Avenue | MLS# 991859

This commercial property located at 505 Piermont Avenue , Piermont, NY 10968 is currently listed for sale with an asking price of $599,000. Search Piermont real estate on kelly-smith.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Business
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.27 Acres
Taxes: $42,304

Feature Descriptions

Appliances: Dishwasher, Oven, Refrigerator
Building Area Total: 5093
Business Name: Otto Full Service
Business Type: Restaurant
On Market Date: 2026-05-01
Parcel Number: 392405-075-055-0001-021-000-0000
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Water: Public

Demographics

Listed By / Shown By

Listing By

Agency Name: Ellis Realty Commercial
Agency Contact: 845-353-4254

Shown By

Agent Name: Kelly Smith
Agent Phone: (518) 727-2733 Cell
Agency Title: Coldwell Banker Prime Properties

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