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    7342 State Street Rd Auburn, NY 13021

    For Sale
    $950,000

    Established Business, 1.5 Acres, Huge Potential

    Property size:
    2,194 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional turn-key business opportunity presents a well-established ice cream store and restaurant located at a prime corner lot in Auburn, NY. Built in 2015, the property boasts a spacious 2,194 square foot building situated on a generous 1.5-acre lot. Its strategic location at the four-way intersection of State Street Road and Turnpike Road ensures high visibility and convenient access for customers. The property features ample parking and a large covered patio, providing comfortable seating for patrons. A state-of-the-art industrial raised bed filtered septic system, capable of handling 2200 gallons per day, is already in place. The existing infrastructure offers significant potential for expansion, with an area specifically designed for the addition of a miniature golf course. This presents a unique opportunity to increase revenue streams and further enhance the property's appeal. The property's robust infrastructure and prime location make it an ideal investment for a savvy entrepreneur seeking a thriving business with significant growth potential. The sale includes the established business, building, and land. This is a rare opportunity to acquire a successful, established business with room to grow. Serious inquiries only.

    Property Features for 7342 State Street Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,194 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    2015
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Classic Cones Ice Cream Shop

    Suggested Use

    Clothing Store Grocery Store HVAC Service Furniture Store Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.58788
    Latitude
    42.97297

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, 1.5 Acres, Huge Potential
    Where is this commercial real estate located?
    The property is located at 7342 State Street Rd Auburn, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    (315) 253-7653
    Request Owner's contact information
    7342 State Street Rd Auburn, NY 13021
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    Auburn, NY 13021
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    7342 State Street Rd Auburn, NY 13021
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