Established Restaurant Property for
For Sale
Contact for pricing
67 Washington St, Auburn, NY
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 Market566
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
(585) 615-1102
Listed By:
Gina Speno
(315) 374-6664
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:16AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$44,058
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,160
$881.2K
Cap Rate 7%
$629,400
$629.4K
Cap Rate 9%
$489,533
$489.5K
Market Conditions
NOI Build-Up for 4,380 SF
Gross rent
$65.7K $15.00/SF
− Vacancy
−$2.8K −$0.63/SF
EGI
$62.9K $14.37/SF
− OpEx
−$18.9K −$4.31/SF
NOI
$44.1K $10.06/SF
Area
Cayuga County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,160
Cap Rate 7%
$629,400
Cap Rate 9%
$489,533
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 74%
Shops & Services 26%
Hilton Garden Inn - Auburn, NY
Hotels & Casinos
4,145 visits/mo
0.4 miles
Holiday Inn Auburn-Finger Lakes Region
Hotels & Casinos
3,825 visits/mo
0.5 miles
Kwik Fill
Shops & Services
2,021 visits/mo
0.3 miles
Caliber Collision
Shops & Services
710 visits/mo
0.3 miles
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
Similar Off Market Nearby
- Pure Catering and Events — 10 E Genesee St, Auburn, NY 13021
Frequently Asked Questions
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.
