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Property profile & analytics
OFF-MARKET
Turn key restaurants

11770 Obrien Rd Forestport, NY 13338-2110

3,820 SF 1.84 ac lot Built 1970
Individually Owned 6-yr Hold Free & Clear
Property ID
US63-4296492
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity in Forestport, NY, presents a rare chance to acquire a well-established and profitable business. Located at 11770 Obrien Rd, this 3,820 square foot property sits on a 1.84-acre lot and boasts a rich history, having operated successfully since 1948. Currently specializing in steak, seafood, and Italian cuisine, the restaurant has a loyal following of both locals and tourists. The spacious dining area comfortably seats 170 guests, complemented by a 10-seat bar and a private room ideal for banquets or parties (up to 40 guests). A fully equipped kitchen features propane appliances, an electric dishwasher, and pizza ovens. The property includes two drilled wells and a 10-year-old septic system. Recent improvements include a new walk-in cooler, business office, storage space, and a living area – perfect for an owner-operator. All equipment is included in the sale price of $225,000. This is a remarkable opportunity to own a thriving restaurant with a proven track record and significant growth potential. The restaurant is open year-round, serving the local community and seasonal visitors. The sturdy original seating and newly refurbished booths enhance the dining experience.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 3,820 SF
Lot 1.84 ac (80,150 SF)
Zoning code 01 - NOT ZONED
APN 303800 67.002-1-35
UPID US63-4296492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Garramone's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rocco D Garramone JR · 6 yrs held
Rocco D Garramone JR
since 2020
3 recorded transactions
2020
Price N/A
2020
Price N/A
1969
Price N/A
Zoning & alternative use
01 - NOT ZONED · Forestport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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