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    9 Central Ave Ilion, NY 13357

    Sponsored
    For Sale
    $82,500

    Established diner, fully equipped, high traffic location.

    Property size:
    625 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional turnkey restaurant opportunity in Ilion, NY, presents a unique chance to own and operate an established business. Located at 9 Central Ave, this 625-square-foot diner boasts a cozy atmosphere with seating for 26 patrons. The property sits on a 0.03-acre lot conveniently situated at the entrance to a municipal parking lot, ensuring ample parking for customers. The building underwent a complete interior remodel in 2003, including new insulation, sheetrock, plumbing, and electrical systems, ensuring a modern and functional space. All necessary equipment is included, allowing for immediate operation. The high-traffic location within the village of Ilion, surrounded by homes and other businesses, provides excellent visibility and access to a strong customer base. This is an ideal opportunity for an experienced restaurateur or someone looking to launch their culinary venture in a thriving community. The property is priced at $82,500, offering a compelling investment opportunity in a well-established commercial area. Imagine your customers enjoying a delicious meal in this ready-to-go restaurant. Don't miss this chance to own your own piece of Ilion's culinary scene.

    Property Features for 9 Central Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    625 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Farm House Restaurant Family Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ilion
    County
    Herkimer
    State
    New York
    Longitude
    -75.03503
    Latitude
    43.01636

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    FAQs

    What type of property is this?
    Commercial real estate - Established diner, fully equipped, high traffic location.
    Where is this commercial real estate located?
    The property is located at 9 Central Ave Ilion, NY.
    What is the asking price?
    The asking price for this property is $82,500.
    (315) 735-4460
    Request Owner's contact information
    9 Central Ave Ilion, NY 13357
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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
    9 Central Ave Ilion, NY 13357
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