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Property profile

Ln Sullivan, NY 13037

OFF-MARKET
Commercial real estate
4,461 SF 0.66 ac lot Built 1975
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Year built 1975
Total area 4,461 SF
Lot 0.66 ac (28,750 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Ln Sullivan, NY 13037
Sullivan metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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