Turnkey Restaurant & Event
For Sale
$479,000
3512 CR 14, Madrid, NY 13660
COMMERCIAL - Madrid, NY
Property Size1,656 SF
Price / SF$289.25
Days on Market285
Property Features for 3512 CR 14
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Security features
Security
Patio and Porch features
Porch, Deck
Interior features
9 ft.+ ceilings, Ceiling fan(s), Double door entry, Handicapped Bathrooms, Security features
Exterior features
Deck, Handicapped Entrance, Outdoor lights, Porch, Storage/out-building(s)
Accessibility
Accessible Approach with Ramp
Lot features
Sloped lot
Elementary school district
Madrid-Waddington Central School District
Middle school district
Madrid-Waddington Central School District
High school district
Madrid-Waddington Central School District
Directions
From 310 at the traffic light in Madrid turn heading into town. At the stop sign turn left. At next stop sign turn left again onto CR 14. The restaurant will be ahead about a mile or so on the left.
Subdivision
ST LAWRENCE
Standard status
Active
APN
52.021-1-16.11
Size
1,656 SF
Taxes and HOA fees
Tax Annual Amount
5506
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Vinyl siding
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Trego Realty Group, LLC
(315) 705-5542
Listed By:
Elizabeth Trego · License #10491210659
(315) 842-0266
Added: Oct 20, 2025
Changed: May 28
Last Checked: Jul 31 at 8:06AM
MLS# 52057
Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Ole Smokehouse is a well-established restaurant and event venue known for its signature smoked meats and rustic charm. This fully operational business offers a unique opportunity to own a thriving restaurant and event space with a strong customer base and excellent visibility. Centrally located, it is 15-20 minutes to major towns such as Massena, Potsdam, Canton and Ogdensburg. The 1656 square foot property features a bar and dining room, a private meeting room that seats up to 20 people, two restrooms, wide plank floors, and a spacious back deck for outdoor dining. The restaurant is known for using locally sourced produce and offers a warm, inviting atmosphere. The centerpiece of the operation is the custom-built smoker, which holds up to 300 pounds of meat at once-enough for 75-80 racks of ribs, 36 pork butts, or a whole pig. A 32' x 64' pavilion on the property provides a versatile event space ideal for weddings, proms, parties, and community events. Located directly on the St. Lawrence County snowmobile trail system, The Old Smokehouse is a popular stop for snowmobilers and bikers, hosting several annual runs and gatherings and it is a big draw for the college crowds, with several colleges close by such as Clarkson and St Lawrence Univeristy. Hardwired connections to fire and police provide added safety. The seller is willing to assist with training and may share signature recipes. Everything conveys, offering an instant thriving business.
Key Highlights
- Turnkey Restaurant & Event Venue: Fully operational business with established reputation and excellent visibility, ready for immediate operation.
- High‑Capacity Custom Smoker: Capable of smoking up to 300 pounds of meat, a key feature for signature smoked meats.
- Versatile Event Space: 32' x 64' pavilion suitable for weddings, proms, parties, and community events, expanding revenue potential.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $21.60 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $34.3k | $20.69 |
| − OpEx | −$8.6k | −$5.17 |
| NOI | $25.7k | $15.52 |
1,656 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.8K
$359.5K – $479.3K
NOI $28,759 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13660, NY
2,019
Population
757
Households
2.7
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
58.8 sq mi
ZIP Area
34
Density / Sq Mi
$71,964
Median Household Income
$41,088
Median Earnings
$827
Median Rent
$121,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Thriving restaurant and event space with established reputation for sale.
Where is this conventional restaurant located?
The property is located at 3512 CR 14 Madrid, NY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Turnkey Restaurant & Event Venue: Fully operational business with established reputation and excellent visibility, ready for immediate operation.; High‑Capacity Custom Smoker: Capable of smoking up to 300 pounds of meat, a key feature for signature smoked meats.; Versatile Event Space: 32' x 64' pavilion suitable for weddings, proms, parties, and community events, expanding revenue potential.
