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    5571 State Route 5 Vernon, NY 13476

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    For Sale
    $299,900

    Bar and restaurant near Utica Rome Speedway and Vernon Downs.

    Property size:
    2,980 SF
    Lot size:
    1.29 Acres

    Property Features for 5571 State Route 5

    General Information

    Size
    2,980 SF
    Lot size
    1.29 Acres

    Source: Pavia Real Estate Services Agent John N. Jweid

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

    Overview

    Former Speedway Bar & Restaurant

    The property is a former bar and restaurant located adjacent to the Utica Rome Speedway and in close proximity to Vernon Downs Casino & Hotel, Upstate Cancer Center, Turning Stone Casino, and the NYS Thruway. The building has undergone updates including a new deck, siding, LED lighting, spray foam insulation, and furnace. Public water and natural gas are available on site. The property includes a large parking lot, a free digital billboard, and social media presence. The property size is 2980 square feet. This property is suitable for bars, restaurants, and retail purposes.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Food Market HVAC Service Grocery Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Oneida
    State
    New York
    Longitude
    -75.5178007
    Latitude
    43.0754215

    Nearby Similar for Sale

    • New
      $270,000
      3,994 SF

      Spacious Home with Apartment, Garage

      Single-level home with apartment and oversized garage on 1.12 acres.
      4273 State Route 26, Vernon, NY 13476
      View Details
    • $249,900
      2,200 SF

      Vernon Commercial Building - 2.8 Acres

      Prime Vernon location, 2,200 sq ft, ample parking.
      6506 State Route 5, Vernon, NY 13476
      View Details

    FAQs

    What type of property is this?
    Bar - Bar and restaurant near Utica Rome Speedway and Vernon Downs.
    Where is this bar located?
    The property is located at 5571 State Route 5 Vernon, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Adjacent to Utica Rome Speedway and close to Vernon Downs Casino & Hotel, Upstate Cancer Center, Turning Stone Casino, and NYS Thruway.; - Includes a bar and restaurant.; - Recent updates include **new deck, siding, LED lighting, spray foam insulation, and furnace.**
    (315) 736-1555
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    Vernon, NY 13476
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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
    5571 State Route 5 Vernon, NY 13476
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