41 Riverside Avenue

Description

A Once-in-a-Lifetime Investment Opportunity in Croton-on-Hudson! A rare opportunity to own the iconic, nostalgic, and beloved Tavern at Croton Landing Restaurant! This exceptional investment property offers a unique combination of an established, turnkey restaurant, two buildings, four two-bedroom rental apartments, and additional commercial space currently being used as a private party room. Located in the heart of the Village of Croton-on-Hudson, this local staple presents an incredible opportunity for an entrepreneur, restaurateur, or savvy investor to build upon an established business, explore the potential for an additional restaurant or retail venture, and generate income from four residential rental units. Throughout Westchester County and beyond, the Tavern is known for its great food, welcoming atmosphere, and loyal following. Famous for its pizza, burgers, wings, and mouthwatering lobster rolls, the Tavern is more than just a restaurant—it’s a local tradition built around great food, great people, and great times! The restaurant offers an impressive variety of indoor and outdoor dining and entertaining spaces, including indoor seating for 55, front outdoor dining for 18, an expansive backyard patio accommodating 80 guests, and a private party room with seating for an additional 55. Whether serving daily diners, hosting private celebrations, or expanding business opportunities, the property offers tremendous versatility and potential. The current owners, who have owned the property since 2019, are ready to transition toward semi-retirement after making significant enhancements to the space. Improvements include an inviting backyard patio oasis and the conversion of a former retail area into a beautifully appointed private party room, adding both charm and versatility to the property. These enhancements provide the next owner with an excellent foundation to continue growing the business and maximizing the property's potential. The two buildings each feature two rental apartments, totaling four two-bedroom, one-bathroom units and offering an additional source of income. The bonus commercial space provides even more flexibility, with opportunities to continue its current use as a private event venue or explore other restaurant, retail, or business concepts. Additional highlights include municipal water, municipal sewer, and natural gas, adding to the property's appeal and convenience. Even better, seller financing is available! This exciting opportunity may offer a unique path for a qualified buyer to acquire a distinctive, multi-income-producing property in a sought-after Westchester County community. Properties offering this combination of a well-established restaurant, residential rental income, additional commercial space, and expansion potential are truly special. Bring your vision, build on a local legacy, and unlock the possibilities! Don't miss your chance to own the iconic Tavern at Croton Landing. Schedule your private tour today before this extraordinary opportunity is gone!