Listed by KW Commercial - First in New York, Keller Williams Realty
$2,575,000
22 Montgomery Street
Details
APN 330900-031-000-0004-001.120-0000
Property Type Business for Sale, Retail
Sub Type Business Only, Bar
Square Footage 23,400
Units 6
NOI $260,000
Lot Size (SqFt) 36,147
Business for Sale | 23,400 SqFt
Marketing description
"ALERT"--CLASSIC ICONIC LOCATION featuring the Clemson Bros. Brewery in Middletown, NY, a craft brewery and restaurant rooted in local history, located in a renovated 19th-century hacksaw factory. Beyond its industrial-chic taproom, it features an expansive beer garden, a full food menu, live entertainment, and an onsite axe-throwing venue, a 7,500-square-foot outdoor space with a stone facade and red-brick patio is available during warmer months for drinking, dining, and private parties, and the venue includes a main taproom, a banquet room for indoor events, and "The Zone," a separate entertainment area. In addition to the 24000sf of creative entertaining spaces, this fully renovated landmark building has 5 residential apartments utilizing the same unique design elements and plenty of public parking for all size events. The brewery regularly hosts live music from local bands, DJ nights, trivia, and seasonal events.
Axe throwing: "The Zone @ Clemson" offers an onsite axe-throwing facility with dedicated lanes and regular cornhole leagues.
Private events: The brewery offers full-service event hosting for weddings, parties, and corporate gatherings. This is an unbelievable opportunity for the entrepreneur who either has dreamed of owning their own business of this type, needs to augment their existing holdings or wants to reimagine the concept and make it their own. This is a successful business, fully operational with bookings well into 2026. In addition to the business and venue, the adjoining property is for sale (MLS 906087) with over 43,000SF of warehouse, parking lot and multiple development possibilities that can add to the value of this property. Be part of Middletown's renaissance and create the next vibe for the city.
Listing Contacts
Listed by KW Commercial - First in New York, Keller Williams Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,000.00
$21,666.67/mo
Valuation Metrics
0
DSCR
10.1%
Cap Rate
10.1%
ROI
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