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Listed price in listed location currency (USD).
$599,000

000

MLS® 991859

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Business Opportunity
Size -
Garage 
Taxes $42,304
Days Active 2
Lot Size 
Approx. Age 
MLS® Number 991859

Property Address: 505 Piermont Ave, Piermont, NY, 10968-1037

Average square foot calculated using Size range provided by listing 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.
MLS® Number991859
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 1, 2026List Date
$599,000List Price
Jul 9, 2025End Date
$3,100,000Sold Price

Sold

Jan 6, 2025List Date
$3,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
505 Piermont Ave, Piermont, NY

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