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Established Restaurant with Basement
For Sale
$164,900
Pending

106 Main St, Phelps, NY 14532

Operating restaurant sale includes the building’s lower level, equipment, fixtures, office space, and on-site parking.

Property Size1,578 SF
Days on Market282

Property Features for 106 Main St

General Information

Standard status Pending
Size 1,578 SF

Additional Details

Business Included Yes
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $3,761
Listing Agency: Howard Hanna
Listed By: Belinda A. Fratto · License #30FR0894907
Source: Exprealty
Added: Dec 12, 2025 Changed: Sep 17 Last Checked: Sep 20 at 12:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna

Investment Insights

Based on property information with market context.

The sale at 106 Main St, Phelps, NY includes an operating restaurant business and the lower half of the building. Equipment and fixtures are included, supporting a continued restaurant operation without separating the business from its physical premises. The property also features a full basement measuring 1,578 square feet, with dedicated office space and additional storage capacity.

Parking is available along the street and in a rear lot. The restaurant currently operates six days per week and serves a steady customer flow, with limited competition described within the market. The owner is offering the property and business for sale only; lease arrangements are not being considered. The upper half of the building is not included in the ownership interest.

Key Highlights

  • Restaurant business and building included in the sale
  • Full basement provides 1578 square feet, including an office
  • Equipment and fixtures included

Property Analytics

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Current Use

Astoria Restaurant Restaurant

Suggested Use

Top Pick HVAC Service Law Firm Dental Office Hair Salon Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

158
Businesses Nearby
Under-served
Demand for This Use

Demographics for 14532, NY

4,174
Population
1,873
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
41.2 sq mi
ZIP Area
101
Density / Sq Mi
$71,667
Median Household Income
$41,620
Median Earnings
$1,139
Median Rent
$159,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating restaurant sale includes the building’s lower level, equipment, fixtures, office space, and on-site parking.
Where is this conventional restaurant located?
The property is located at 106 Main St Phelps, NY.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Restaurant business and building included in the sale; Full basement provides 1578 square feet, including an office; Equipment and fixtures included
More about this property
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