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5,093 sqft

$599,000

505 Piermont Avenue, Piermont NY, 10968

Price per sqft$117.61
Property size5,093 sqft
Property typeCommercial
Courtesy of Ellis Realty Commercial, Hamid Moghadam Listing Contact: 845-353-4254

Overview

Active

Listed May 1, 2026

Updated Aug 21

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.

Additional information

MLS® ID
991859

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.27 Acres

Other Property Details

Taxes
$42,304
Tax Frequency
Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cristina Candio shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 9:37 PM UTC on 8/21/2026. 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.

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