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    2971 State Route 10 Summit, NY 12175

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    For Lease
    $1.00 SF/Yr ($700 /Mo)

    8,400 SF commercial space with lake views and apartment.

    Property size:
    8,400 SF
    Lot size:
    8,400 SF

    Property Features for 2971 State Route 10

    General Information

    Size
    8,400 SF

    Source: Pyramidbrokerage Agent Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Commercial Space with Apartment

    This lake-front commercial space offers views of Summit Lake. The building has a total square footage of 8,400 sq ft. The first floor provides an estimated 3,256 sq ft of open space and a half bath. The second floor features an estimated 2,946 sq ft, complete with a kitchenette and full bath. Additionally, the building includes a rented 2-bedroom upstairs apartment. The property is suitable for various business ventures, including a venue, bar, or restaurant. The landlord is seeking a long-term buildout lease. Furthermore, 30 plus acres are also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Electrical Service Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Schoharie
    State
    New York
    Longitude
    -74.5837623
    Latitude
    42.5859193

    FAQs

    What type of property is this?
    Restaurant - 8,400 SF commercial space with lake views and apartment.
    Where is this restaurant located?
    The property is located at 2971 State Route 10 Summit, NY.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Lake-front commercial space with views of Summit Lake.; - Large space: **8,400 sq ft total, with 3,256 sq ft of open space on the first floor.**; - Suitable for a venue, bar, restaurant, or other business ventures.
    (518) 312-7334
    Request Owner's contact information
    2971 State Route 10 Summit, NY 12175
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    Summit, NY 12175
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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
    2971 State Route 10 Summit, NY 12175
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