505 Piermont Avenue, Orangetown, NY, 10968
$599,000
activeLot Size
11,761 sqft
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Hamid Moghadam, Ellis Realty Commercial
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of May 2, 2026, 7:25 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.