Ln Sullivan, NY 13037
This exceptional property presents a unique investment opportunity on the south shore of Oneida Lake in Sullivan, NY. Boasting 4,461 square feet on a 0.66-acre lot, this established business currently operates as a year-round restaurant, banquet hall, and bar. The property offers stunning lakefront access with frontage on both the lake and the channel, providing unparalleled views and recreational opportunities. With seating for over 270 guests across the bar, dining room, banquet area, front patio, and rear deck, the venue is well-equipped to handle large events and a substantial clientele. Currently operating weekends only for the restaurant and with the bar open, the potential for expansion and increased revenue is significant. The tranquil setting and direct access to Oneida Lake make this an ideal location for a multi-use operation, catering to both commercial and residential needs. The property's versatility allows for continued operation as a thriving hospitality business or conversion into a year-round residence, capitalizing on the picturesque lakefront location and its proximity to the Great Loop waterway. This property is also listed under separate lot/land and residential designations (S1559979 and S1559985 respectively). The asking price is $635,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.