440 Rainbow Lodge Road
Tompkins, NY, 13856 $ 1,900,000
Bedrooms-- Baths-- Sq 6,376 Monthly Estimate*
$ 11,997
Commercial Property for sale in Tompkins, NY
for $1,900,000. This 6,376 square foot building was built in 1982 on a lot size of 36.
Rainbow Lodge – Luxury Lodge, Restaurant & Income Property Nestled in the heart of the Catskills, Rainbow Lodge presents a rare opportunity to own a fully renovated hospitality retreat with exceptional recreational and income-producing amenities. Set on a stunning property featuring a 7-acre pond and bordering over 500 acres of protected NYC-owned land, this one-of-a-kind destination offers privacy, natural beauty, and endless outdoor opportunities. The property has undergone extensive renovations and upgrades, including a completely updated restaurant and commercial kitchen featuring new hoods, fire suppression system, electrical, plumbing, HVAC, roofing, siding, generator, septic system, security cameras, and commercial-grade kitchen equipment. The dining room, bar, and guest areas have been thoughtfully improved to provide an inviting atmosphere for guests and events. In addition to the lodge and restaurant, the property includes a spacious residence containing three independent apartments, offering multiple streams of income, owner occupancy options, or accommodations for staff and guests. The apartments feature updated kitchens, appliances, laundry facilities, fireplaces, private entrances, and generous living spaces. The picturesque 7-acre pond creates a breathtaking backdrop for weddings, retreats, fishing, kayaking, and year-round enjoyment. Property Highlights Fully renovated lodge and restaurant Commercial kitchen with updated equipment Bar and dining room furnishings included Three separate residential apartments Whole-building LP backup generator Security camera system throughout Spring-fed water system Extensive infrastructure upgrades completed Scenic 7-acre pond Borders 500+ acres of NYC-owned land Ideal for hospitality, events, weddings, retreats, restaurant operation, or investment Whether you’re seeking a turnkey hospitality business, an event venue, or a private Catskills retreat with income potential, Rainbow Lodge offers an extraordinary combination of improvements, natural beauty, and opportunity
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FeaturesGeneralSewer SepticTank
Heating Electric HeatPump Oil Baseboard Radiant
Cooling HeatPump
Utilities ElectricityConnected
Possession CloseOfEscrow
Roof Metal
Zoning Resturant
Security Features SecurityService
Construction Materials Frame SprayFoamInsulation
School District Walton
Year Built 1982
Stories Count 1
Township Not Applicable
Levels One
Business Type BarTavernLounge
Waterfront Features Pond
County Delaware
Property Type CommercialSale
Possible Use Restaurant
Building Features PublicRestrooms
Status Active
Directions From Walton take State Highway 10 towards Deposit. In 7 miles turn left onto Rainbow Lodge Rd. In 1 mile property is on the left. See sign.
City Tompkins
High School District Walton
Zoning Description Commercial
Number Of Units Total 0
MLS Area Tompkins-125400
Lot Size Units Acres
Year Built Details Existing
Tax Annual Amount 6605.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Walton
Elementary School District Walton
Tax Assessed Value 310173
TaxOtherAnnualAssessmentAmount 0.0
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ExteriorExterior Amenities PropaneTankOwned
Parking Features Driveway OnSite
Lot Features Rectangular RectangularLot
Total Parking 80.0
Inclusions Land Building and Business
Lot Size Area 36.0
Number of Buildings 2
Building Area Total 6376.0
Lot Dimensions 1200X1600
Lot Size Acres 36.0
Waterfront Y/N No
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InteriorFlooring Hardwood Linoleum Varies Vinyl
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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* Excluded FeaturesList ByColdwell Banker Timberland PropertiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,997
- Monthly Property Taxes
- $550
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
4122692 Elementary School
4122740 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/31/2026 | $1,900,000 | | Listed Price |