Turn-Key Restaurant and
4938 State Highway 28 Hartwick, NY 13326
4938 State Highway 28, Hartwick, NY, 13326
$975,000
For Sale
$975,000
COMMERCIAL - Hartwick, NY
Property Size4,043 SF
Lot Size2.43 Acres
Price / SF$241.16
Days on Market211
Property Features for 4938 State Highway 28
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Restaurant
- Parking
- 50
- Parking features
- Driveway, Paved or Surfaced
- Standard status
- Active
- APN
- 146.00-1-21.37
- Size
- 4,043 SF
- Lot size
- 2.43 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9976
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Propane (Heating), Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 2012
- Floors in Building
- 2
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency
Benson Agency Real Estate LLC
(607) 432-4391
One Grand Street, Oneonta, NY
Listed by
Rodger B Moran · License #30MO0797197
(607) 287-1559
Added: Dec 19, 2025 Checked: Jul 18 at 1:06 pm
MLS# R1655385
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 for-sale restaurant includes both the building and commercial kitchen, presented as a turn-key operation. The dining area features exposed beams and a vaulted ceiling, along with a rustic-style bar area with a hostess station that can function as a secondary bar or overflow space.
A notable outdoor component is a covered L-shaped patio, supported by an overhead commercial door that auto-opens to connect indoor and outdoor use when weather allows. Additional space includes a second-floor loft-style area intended for private parties or gaming and overflow seating. There is also an oversized staircase with bamboo flooring providing access to the additional seating and game space.
The kitchen is described as spotless, with a “2-line” commercial kitchen configuration. The lot size is 2.43 acres, and the property size is listed at 4,043 square feet. The property is located on State Highway 28 in Hartwick, New York, and is described as less than 1 mile from Cooperstown Dreams Park.
A notable outdoor component is a covered L-shaped patio, supported by an overhead commercial door that auto-opens to connect indoor and outdoor use when weather allows. Additional space includes a second-floor loft-style area intended for private parties or gaming and overflow seating. There is also an oversized staircase with bamboo flooring providing access to the additional seating and game space.
The kitchen is described as spotless, with a “2-line” commercial kitchen configuration. The lot size is 2.43 acres, and the property size is listed at 4,043 square feet. The property is located on State Highway 28 in Hartwick, New York, and is described as less than 1 mile from Cooperstown Dreams Park.
Key Highlights
- Purpose‑built seasonal restaurant operation with indoor seating and gaming/pool, ping‑pong, and darts area
- Covered L‑shaped outdoor patio measuring 16' x 80'
- Metal roof; exposed beams and vaulted ceiling with rustic‑style 30' wind‑around bar
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 | $76.7k | $18.96 |
| − Vacancy | −$2.0k | −$0.49 |
| EGI | $74.7k | $18.47 |
| − OpEx | −$18.7k | −$4.62 |
| NOI | $56.0k | $13.85 |
4,043 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$800.0K
$700.0K – $933.3K
NOI $55,997 @ 7.0% cap · market cap 5.74%
Second Best
Industrial
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.11M
$975.2K – $1.30M
NOI $78,014 @ 7.0% cap · market cap 8.00%
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 - For sale restaurant with a covered outdoor patio and a commercial kitchen, offered as a turn-key operation.
Where is this conventional restaurant located?
The property is located at 4938 State Highway 28 Hartwick, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Purpose‑built seasonal restaurant operation with indoor seating and gaming/pool, ping‑pong, and darts area; Covered L‑shaped outdoor patio measuring 16' x 80'; Metal roof; exposed beams and vaulted ceiling with rustic‑style 30' wind‑around bar
