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    Ln Sullivan, NY 13037

    Sponsored
    For Sale
    $635,000

    Oneida Lakefront, Multi-Use Potential

    Property size:
    4,461 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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.

    Property Features for Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,461 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sullivan
    County
    Madison
    State
    New York
    Longitude
    -75.874
    Latitude
    43.0574

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    FAQs

    What type of property is this?
    Commercial real estate - Oneida Lakefront, Multi-Use Potential
    Where is this commercial real estate located?
    The property is located at Ln Sullivan, NY.
    What is the asking price?
    The asking price for this property is $635,000.
    (315) 682-4500
    Request Owner's contact information
    Ln Sullivan, NY 13037
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    Sullivan, NY 13037
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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
    Ln Sullivan, NY 13037
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