Established Restaurant Property for
67 Washington St Auburn, NY
For Sale
Contact for pricing
Restaurant with full commercial kitchen, U-shaped bar, and spacious area.
Property Size4,380 SF
Lot Size0.18 Acres
Price / SF$113.01
Days on Market469
Property Features for 67 Washington St
General Information
- Standard status
- Active
- Size
- 4,380 SF
- Lot size
- 0.18 Acres
- Property subtype
- RETAIL
Listing Agency:
Venture Brokerage Group
(315) 374-6664
Listed By:
Gina Speno
(315) 374-6664
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:46AM
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 Venture Brokerage Group
Investment Insights
Based on property information with market context.
This property, established as Balloons in 1934, with the family acquiring the restaurant in 1991, features a full commercial kitchen, U-shaped bar seating, and a spacious area. The property has a new Ansul system, carpeting, windows, and roof. The location benefits from high traffic counts, with 25,143 vehicles per day on Arterial Highway East and 2,875 vehicles per day on Washington Street, and is just off US Route 20, which sees 21,064 vehicles per day. The property size is 4,380 square feet.
Key Highlights
- High traffic counts with 25,143 VPD on Arterial Highway East.
- New Ansul system, carpeting, windows, and roof.
- Full commercial kitchen with U‑shaped bar seating.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.7k | $15.00 |
| − Vacancy | −$2.8k | −$0.63 |
| EGI | $62.9k | $14.37 |
| − OpEx | −$18.9k | −$4.31 |
| NOI | $44.1k | $10.06 |
4,380 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$809.2K
$708.1K – $944.1K
NOI $56,647 @ 7.0% cap · market cap 11.44%
Second Best
Retail
$629.4K
$550.7K – $734.3K
NOI $44,058 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$970.7K
$849.4K – $1.13M
NOI $67,950 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- Pure Catering and Events — 10 E Genesee St, Auburn, NY 13021
FAQs
What type of property is this?
Restaurant - Restaurant with full commercial kitchen, U-shaped bar, and spacious area.
Where is this restaurant located?
The property is located at 67 Washington St Auburn, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: High traffic counts with 25,143 VPD on Arterial Highway East.; New Ansul system, carpeting, windows, and roof.; Full commercial kitchen with U‑shaped bar seating.
