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    11770 Obrien Rd Forestport, NY 13338

    Sponsored
    For Sale
    $225,000

    Established Restaurant, 3820 sq ft, 1.84 acres

    Property size:
    3,820 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 Features for 11770 Obrien Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,820 SF
    Lot Size
    80,150 SF

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Garramone's Restaurant Italian Restaurant

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Bed & Breakfast Italian Restaurant Steakhouse

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

    Location Insight

    • Map
    • Local Demand
    City
    Forestport
    County
    Oneida
    State
    New York
    Longitude
    -75.181
    Latitude
    43.43213

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, 3820 sq ft, 1.84 acres
    Where is this commercial real estate located?
    The property is located at 11770 Obrien Rd Forestport, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    (315) 831-5061
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    11770 Obrien Rd Forestport, NY 13338
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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
    11770 Obrien Rd Forestport, NY 13338
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