7600 State Route 209

Description

Rare opportunity to acquire a fully licensed, turn-key retail wine and liquor store. Asking price includes the business and existing inventory. No build-out required — operational from day one. Active New York State liquor license for full wine and spirits retail, plus a recently issued cigar license — a rare, high-margin revenue stream with no direct competition in the western Ulster County market. The store operates from 1,500 SF of leased retail space in a Route 209 shopping center approximately 90 minutes from NYC. Base rent of $2,200/month with two additional 5-year renewal options — up to 15 years of location security. The lease grants the tenant the exclusive contractual right to sell packaged wine and liquor within the four-unit shopping center, eliminating in-mall competition by agreement. Landlord confirmed the lease is in full force, not in default, and has consented to assignment. Napanoch sits on the Shawangunk Ridge National Scenic Byway and the Hudson River Valley National Heritage Area, capturing both year-round local residents and the accelerating wave of NYC second-home buyers and outdoor recreation visitors drawn to Minnewaska State Park, Sam's Point Preserve, and the Catskills. The Wawarsing/Ellenville corridor is actively revitalizing, with $13M+ in planned community investment identified under a NYS Downtown Revitalization Initiative application. Liquor stores recorded year-over-year sales declines only twice in 30 years (U.S. Census Bureau, 1992–2022), and retail alcohol sales surged 20% during the COVID recession as consumers shifted from bars to take-home purchases. The newly issued cigar license adds a second revenue stream with 50–90%+ typical retail margins and no local competition. Ideal Buyer: Owner-operator seeking a licensed, cash-flowing retail business with long-term lease security and meaningful upside in one of New York's most exciting emerging markets.