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    Restaurant and Banquet Property Title is generated by Realmo AI

    916 County Route 37, Central Square, NY 13036

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    Claim this Listing
    New
    For Sale
    $2,200,000

    COMMERCIAL - Central Square, NY

    Property size:
    10,575 SF
    Lot size:
    3.87 Acres
    Price / SF:
    $208/SF
    Added:
    Jun 16, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 16 at 4:06 pm

    Property Features for 916 County Route 37

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    07
    Parking
    100
    Parking features
    Driveway
    Standard status
    Active
    APN
    353289-307-011-0004-003-000-0000
    Size
    10,575 SF
    Lot size
    3.87 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14489

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard
    Water source
    Public
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Vinyl, Hardwood, Varies, Linoleum, Carpet
    Building materials
    Block, Frame
    Roof type
    Flat

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    Listing Contact
    Candy Costa
    Candy Costa

    Listing agent Candy Costa License #10491209117

    Listing office Candy Costa Real Estate LLC 3226 East Avenue, Central Square, NY

    Listing date Jun 16, 2026

    MLS# S1687203

    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.

    HighLights

    • Commercial property on the north shore of the Oneida River in Central Square, with proximity to I‑81
    • Built in 1970 with block and frame construction
    • Currently operating as a restaurant and banquet venue
    • Flat roof and natural gas baseboard heating
    • Public water and public sewer service
    • Driveway parking and lake/waterfront feature

    Overview

    This commercial property of 10,575 square feet is currently operating as a restaurant and banquet venue. The offering includes a versatile structure designed to support both dining and event use, with on-site amenities consistent with a full-service hospitality operation.

    The site is located at 916 County Route 37 in Central Square on the north shore of the Oneida River. Public remarks describe the property as benefiting from maximum exposure right off I-81, with excellent road frontage, ample dedicated parking, and waterfront views.

    For buyers or operators seeking a ready-to-run restaurant and banquet concept, the current operating configuration may offer an efficient starting point for continued food-and-event use. The size of the parcel and dedicated parking can support customer access, while the waterfront setting and high-visibility road frontage can be advantageous for businesses looking for strong roadside presence. Zoning is listed as 07.

    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 $190.4k $18.00
    − Vacancy −$8.0k −$0.76
    EGI $182.4k $17.24
    − OpEx −$45.6k −$4.31
    NOI $136.8k $12.93
    10,575 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.95M
    $1.71M – $2.28M (±1% cap)
    NOI $136,766 @ 7.0% cap · market cap 6.22%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.11M
    $1.85M – $2.46M (±1% cap)
    NOI $147,651 @ 7.0% cap · market cap 6.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Central Square
    County
    Oswego
    State
    New York
    Longitude
    -76.13384
    Latitude
    43.241333

    FAQs

    What type of property is this?
    Conventional restaurant - Operating restaurant and banquet venue on a waterfront parcel with road frontage and dedicated parking.
    Where is this conventional restaurant located?
    The property is located at 916 County Route 37 Central Square, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Commercial property on the north shore of the Oneida River in Central Square, with proximity to I‑81; Built in 1970 with block and frame construction; Currently operating as a restaurant and banquet venue
    More about this property
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