Turnkey Restaurant on Busy
43641 State Route 12 Alexandria Bay, NY 13607
43641 State Route 12, Alexandria Bay, NY, 13607
$450,000
For Sale
$450,000
COMMERCIAL - Alexandria Bay, NY
Property Size2,040 SF
Lot Size0.83 Acres
Price / SF$220.59
Days on Market55
Property Features for 43641 State Route 12
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business
- Parking
- 50
- Parking features
- Paved or Surfaced
- Standard status
- Active
- APN
- 222289-006-019-0001-071-220
- Size
- 2,040 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4501
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Flooring type
- Linoleum, Vinyl
- Building materials
- MetalSiding
- Roof type
- Shingle, Asphalt
Listing agency
Bridgeview Real Estate
(315) 782-9292
Listed by
Shondra Beach · License #10401349039
(315) 782-9292
Added: May 29 Updated: Jul 12 at 9:35AM Checked: Jul 22 at 10:06AM
MLS# S1684938
Copyright © 2026 New York State Alliance of MLSs, LLC. 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.
This commercial property is located on NYS Route 12 between Alexandria Bay and Clayton, close to Interstate 81. Currently operating as Wolfe's Kountry Kottage, the property has been a restaurant for nearly a decade. The restaurant has seating for 86 guests, with an additional outdoor dining area that provides seating for 24 guests. A new electric AC unit is installed. The property offers visibility, accessibility, and parking with over 50 spots. It is located close to the St. Lawrence River. The property size is 2,040 square feet on a lot of 0.83 acres. There is room to expand the existing building, enlarge the outdoor dining area, or further develop the property. The property is being offered fully furnished with all seating and commercial restaurant equipment included. The zoning is Business, allowing for various business ventures. Thousands of vehicles pass by each day. The property is located in the Thousand Islands region.
Key Highlights
- Operating restaurant on NYS Route 12 between Alexandria Bay and Clayton, close to Interstate 81
- Seating for 86 guests indoors plus outdoor dining for an additional 24 guests
- Over 50 paved/surfaced parking spots
Local 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 | $29.1k | $14.28 |
| − Vacancy | −$1.2k | −$0.60 |
| EGI | $27.9k | $13.68 |
| − OpEx | −$7.0k | −$3.42 |
| NOI | $20.9k | $10.26 |
2,040 SF · lease $14.28/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$299.0K
$261.6K – $348.9K
NOI $20,931 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.3K
$492.1K – $656.1K
NOI $39,364 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Commercial property with established restaurant near St. Lawrence River.
Where is this conventional restaurant located?
The property is located at 43641 State Route 12 Alexandria Bay, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Operating restaurant on NYS Route 12 between Alexandria Bay and Clayton, close to Interstate 81; Seating for 86 guests indoors plus outdoor dining for an additional 24 guests; Over 50 paved/surfaced parking spots
