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    24 1St St Fulton, NY 13069

    Sponsored
    For Sale
    $900,000

    Landmark property, stunning views, established business.

    Property size:
    6,488 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 6,488 square foot property at 24 S 1st St, Fulton, NY, presents an unparalleled opportunity to acquire a thriving, established bar and restaurant business known as Tavern on the Lock. Boasting a prime location overlooking the Oswego River and Oswego Canal Lock III, this landmark establishment offers breathtaking views that significantly enhance the customer experience. The main level features a restaurant, bar, and a large patio, all oriented to maximize the spectacular water vistas. The expansive patio provides significant additional seating capacity, a separate outdoor bar, and a newly constructed canopy, creating a vibrant and inviting atmosphere perfect for live entertainment. The lower level includes a second full kitchen, a second interior bar, and a spacious open area ideal for banquets, receptions, or meetings, generating substantial supplemental revenue. This lower level space is currently fully booked for events throughout the season and features large windows offering abundant natural light. Recent improvements include a new freezer, new coolers, new flooring in the dining area, and new curtains for the patio. The property sits on a 0.14-acre lot and is offered at $900,000. This is a rare chance to own a well-established business with a unique and highly desirable location.

    Property Features for 24 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,488 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1976
    Location Intelligence

    Current Use by Public Records

    Tavern On the Lock American 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
    Fulton
    County
    Oswego
    State
    New York
    Longitude
    -76.41801
    Latitude
    43.32415

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    FAQs

    What type of property is this?
    Commercial real estate - Landmark property, stunning views, established business.
    Where is this commercial real estate located?
    The property is located at 24 1St St Fulton, NY.
    What is the asking price?
    The asking price for this property is $900,000.
    (315) 652-1165
    Request Owner's contact information
    24 1St St Fulton, NY 13069
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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
    24 1St St Fulton, NY 13069
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