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    2 Mclean Cortland Rd McLean, NY

    For Sale
    $334,999

    Turnkey restaurant and banquet facility with seating for 150.

    Property size:
    7,920 SF
    Lot size:
    1.43 Acres

    Property Features for 2 Mclean Cortland Rd

    General Information

    Size
    7,920 SF
    Lot size
    1.43 Acres

    Source: Cushman & Wakefield | Pyramid Brokerage - Ithaca Agent Michael Barry

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

    Overview

    Restaurant and Banquet Facility For Sale

    This full bar and restaurant facility offers a total seating capacity of 150 within two banquet areas, encompassing over 7,000 square feet. The property is strategically located in close proximity to Ithaca and Cortland on a highly active roadway. The flexible space presents significant potential for expansion into a larger catering business or conversion into a bed and breakfast. The facility is well-maintained and features new hardwood floors on the first floor. Included in the sale are equipment, furnishings, fixtures, and a delivery vehicle. Fixed equipment conveys with the sale, while inventory is available at an additional cost. The current owner is willing to assist with the transition process. Financial information will be provided upon signing a non-disclosure agreement. The property size is 7,920 square feet.
    Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Similar Places Nearby

    Elm Tree Inn

    Map

    City
    McLean
    County
    Tompkins
    State
    New York
    Longitude
    -76.2902691
    Latitude
    42.5502772

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant and banquet facility with seating for 150.
    Where is this restaurant located?
    The property is located at 2 Mclean Cortland Rd McLean, NY.
    What is the asking price?
    The asking price for this property is $334,999.
    What are key features of this property?
    This property features: - Fully equipped bar and restaurant with seating for 150 and over 7,000 sq ft.; - High-traffic location near Ithaca & Cortland.; - Large, flexible space suitable for catering or B&B.
    (607) 279-6891
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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
    2 Mclean Cortland Rd McLean, NY
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