About This Restaurant
Investment Highlights
Excellent grossing restaurant with a long history. High Traffic Area!
Executive Summary
Excellent grossing restaurant in business over 40 years! Excellent investment opportunity with high cap rate. Ground floor unit only, second floor is owned separately. Successful Family owned, "turn-key," established restaurant business for 40 years. This well cared for restaurant, in the busy village, is selling both building and business with all equipment & fixtures (see attached list). The current owner is open 6 days a week with a steady flow of customers and limited competition within the market. Plenty of parking on both street and rear parking lot of building, full basement for storage & office. Owner will not consider any leasing options. Lower half of building is owned, not top half. ADDITIONAL 1578 SQUARE FOOTAGE IN BASEMENT INCLUDING AN OFFICE. Financials available with non-disclosure agreement. Showings to be Saturday & Sunday after 3:30 and any time on Monday. Preapproval is a must!
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Restaurant Storefront
- Building Size 1,578
- Year Built 1880
- Price 169,900
- Price Per SF 108
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.50 AC
Amenities
- Bus Line
- Restaurant
- Air Conditioning
Property Taxes
| Parcel Number | 324001-048-005-0001-027-000 | Improvements Assessment | $9,000 |
| Land Assessment | $91,000 | Total Assessment | $100,000 |
| Date Created: | 2024-07-16 04:18:03 | Last Updated: | 2024-07-16 04:18:03 |
| Address: | 106 Main St , Phelps, New York, 14532 | ||