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Iconic Diner and Ice Cream Shop

8541 State Route 3 Henderson, NY 13650

Claim this Listing
For Sale
$375,000

Well-loved diner with ice cream shop addition for sale.

Type:Commercial
Property size:
2,620 SF
Lot size:
0.27 Acres
Price / SF:
$143/SF
Added:
Mar 11, 2026
Days on Market:
124
Last Refresh:
Jul 2 at 8:26 pm

Property Features for 8541 State Route 3

General Information

Standard status
Active
Size
2,620 SF
Lot size
0.27 Acres
Property subtype
Commercial

Building Details

Year Built
1985

Listing office Keller Williams Realty Syracuse

Listing date Mar 11, 2026

Source Elliman

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 Keller Williams Realty Syracuse


Investment Insights

Based on property information with market context.

Colleen's Cherry Tree Inn, a diner and ice cream shop, is available for sale. The main restaurant features an authentic diner layout with ample seating and luxury vinyl plank flooring redone in 2019. The fully equipped industrial kitchen is designed for high-volume service and includes multiple refrigerators and freezers, deep fryers, large cooktops, a walk-in freezer, ice machine, pizza oven, milkshake machines, flurry machines, and extensive prep space. Most restaurant equipment and supplies are negotiable with the sale. An ice cream shop addition, fully built from the ground up in 2019, brings the total square footage to approximately 2,620 sq. ft. This space includes two large Taylor soft-serve machines, hard-serve dipping cabinets, a Flavor Burst Astro blender system with up to 64 flavor options, milkshake and flurry machines. Mini splits heating and air conditioning were added to both spaces in 2019. The exterior features an all-stone driveway, expansive parking areas with easy turnaround, and an additional storage shed. The main restaurant will be open and operating starting mid March 2026 from Wednesday through Sunday from 6:00 AM to 1:30 PM.

Key Highlights

  • Established, well‑loved diner with a strong reputation and loyal customer base.
  • Fully equipped, high‑volume industrial kitchen with well‑maintained appliances.
  • Newly built (2019) ice cream shop addition with modern equipment including Taylor soft‑serve machines and a Flavor Burst system.

Local Financial Insights For Specialty 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 $37.4k $14.28
− Vacancy −$1.6k −$0.60
EGI $35.8k $13.68
− OpEx −$9.0k −$3.42
NOI $26.9k $10.26
2,620 SF · lease $14.28/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$384.0K
$336.0K – $448.0K (±1% cap)
NOI $26,882 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$722.2K
$632.0K – $842.6K (±1% cap)
NOI $50,556 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cherry Tree Inn Restaurant Scoops Ice Cream Grocery & Convenience Store

Suggested Use

Auto Repair Shop Storage Facility Hair Salon Nail Salon Real Estate Agency Restaurant Food Market Spa & Massage Center Restaurant Bed & Breakfast

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

Similar Off Market Nearby

  • Henderson Harbor Lodge Bed & Breakfast — 12730 Harbor Rd, Henderson, NY 13650

FAQs

What type of property is this?
Breakfast & diner - Well-loved diner with ice cream shop addition for sale.
Where is this breakfast & diner located?
The property is located at 8541 State Route 3 Henderson, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Established, well‑loved diner with a strong reputation and loyal customer base.; Fully equipped, high‑volume industrial kitchen with well‑maintained appliances.; Newly built (2019) ice cream shop addition with modern equipment including Taylor soft‑serve machines and a Flavor Burst system.
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