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    400 Academy St Prospect, NY 13435

    Sponsored
    For Sale
    $450,000

    Established Winery, Adirondack Foothills, High Growth Potential

    Property size:
    3,870 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This thriving Adirondack-themed winery, established in 2014, presents a unique investment opportunity in Prospect, NY. Situated on a 0.26-acre lot at 400 Academy Street, the property boasts a 3,870 square foot building encompassing a 1,000 square foot tasting room, a 450 square foot enclosed three-season patio, and a 720 square foot open-air patio complete with a fire pit. The winery enjoys a prime location minutes from Route 12 North and Route 365, just 15 minutes from the Kuyahoora Resort and numerous Airbnbs, ensuring consistent tourist traffic. Currently producing approximately 1,000 cases of wine annually, the existing equipment and experienced winemaker (with 30 years of experience who will remain to assist) allow for significant production expansion—potentially doubling or tripling current output. The winery's success is evident in its strong local and tourist clientele, drawn to its unique setting and seasonal events. Fully handicap accessible, the winery also benefits from its participation in the Oneida County beverage trail, alongside breweries and other wineries. Convenient municipal parking is available across the street, and the property offers street-level loading and unloading with a liftgate. This turnkey operation is offered at $450,000 and includes the existing equipment and inventory. The property is also listed as a separate lot with MLS #1581884.

    Property Features for 400 Academy St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,870 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Prospect Falls Winery Winery

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Bar & Pub Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    Oneida
    State
    New York
    Longitude
    -75.15308
    Latitude
    43.30451

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    FAQs

    What type of property is this?
    Commercial real estate - Established Winery, Adirondack Foothills, High Growth Potential
    Where is this commercial real estate located?
    The property is located at 400 Academy St Prospect, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    (315) 334-1046
    Request Owner's contact information
    400 Academy St Prospect, NY 13435
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    Prospect, NY 13435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Academy St Prospect, NY 13435
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