Building Details

Year Built 1970

Listing Agency: Hometown Area Realty LLC

Listed By: Rhonda Jarvis · License #10491212038 Show Phone

Source: Signatureonerealtygroup

Added: Oct 1 Changed: Oct 10 Last Checked: Oct 10 at 1:13AM

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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 Hometown Area Realty LLC

Investment Insights

Based on property information with market context.

This 1,420-square-foot restaurant property contains an operating bar and kitchen. Included equipment and furnishings include a stove, fryer, coolers, refrigerators, stainless prep stands, tables, chairs, bar stools, and televisions. The bar ceiling has been insulated and updated, and lighting and ceiling fans have been replaced. The Ansul system has also been replaced and cleaned.

Outdoor space includes a 40-by-36-foot patio, with a covered section measuring 20 by 22 feet. A 12-by-34-foot garage is also on the property. The restaurant is expected to remain open until an offer is accepted.

Key Highlights

• 1,420‑square‑foot restaurant property with an operating bar
• 40‑by‑36‑foot patio, including a 20‑by‑22‑foot covered area
• 12‑by‑34‑foot garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,268

Cap Rate

6.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$445,360 $445.4K

Cap Rate 7%

$318,114 $318.1K

Cap Rate 9%

$247,422 $247.4K

Market Conditions

NOI Build-Up for 1,420 SF

Gross rent

$30.7K $21.60/SF

− Vacancy

−$982 −$0.69/SF

EGI

$29.7K $20.91/SF

− OpEx

−$7.4K −$5.23/SF

NOI

$22.3K $15.68/SF

Area

Washington County, NY

Vacancy

3.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$445,360

Cap Rate 7%

$318,114

Cap Rate 9%

$247,422

Alternative Uses

Best Use

Specialty Retail

$318.1K

$278.4K – $371.1K (±1% cap)

NOI $22,268 @ 7.0% cap · market cap 6.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$352.3K

$308.3K – $411.0K (±1% cap)

NOI $24,660 @ 7.0% cap · market cap 7.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Nail Salon HVAC Service Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 12839, NY

13,618

Population

6,515

Households

2.1

Avg Household Size

41

Median Age

16%

College-Educated

90%

High-School Grad

31.0 sq mi

ZIP Area

439

Density / Sq Mi

$70,006

Median Household Income

$41,545

Median Earnings

$1,018

Median Rent

$161,300

Median Home Value

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The operating bar and restaurant includes kitchen equipment, bar furnishings, and an accessory garage.

Where is this conventional restaurant located?

The property is located at 1066 State Route 196 Unit 534489 Kingsbury, NY.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 1,420‑square‑foot restaurant property with an operating bar; 40‑by‑36‑foot patio, including a 20‑by‑22‑foot covered area; 12‑by‑34‑foot garage