Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
1,500 SF
Site
0.26 acres
Price / SF
$133
NOI
$360,000
Zoning
00401
The offering
ESTABLISHED JAPANESE RESTAURANT BUSINESS FOR SALE IN THE VILLAGE OF WARWICK! Located on Main Street in the heart of the village, this well-established Japanese restaurant offers a great opportunity for an owner-operator or investor. The restaurant is situated at the rear of the building, with convenient access from the public parking lot. Currently the only Japanese restaurant in the village, it enjoys a unique position in the local market.
The owner is retiring and currently operates only 4 & 1/2 days per week, with no advertising, website, or delivery service. A new owner has significant opportunities to grow the business by expanding operating hours, establishing an online presence, and introducing delivery services. The restaurant previously operated 7 days a week and generated over $500,000 in annual sales. The side yard is available for the new owner to create an outdoor dining area for customers, subject to any required approvals. Prime village location, established customer base, and tremendous potential for a fresh start. Business sale only; real estate not included.
Building & site
Interest conveyedFee simple
Gross building area1,500 SF
Building typeRetail
Property typeRetail
Land area0.26 acres
Land area, SF11,514 SF
WaterPublic
SewerPublic Sewer
HeatForced Air, Natural Gas
Tax parcel335405207-5-17.1
Usable area1,500 SF
Zoning & permitted uses
District
00401
Permitted uses are governed by the Warwick (Town) zoning code and should be confirmed with the municipality. Ask a broker for the district summary.
Income & tenancy
Gross income (as reported)
$360,000
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Taxes & assessment
2025 taxes
$31,574
Assessed value
$112,600
Land assessment
$19,400
Full market value
$1,265,200
Owner of record
Seva Properties LLC
School district
Warwick Valley
Property class
482 · Row retail
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.