Building Details

Building Size 6,135 SF

Year Built 1973

Listing Agency: The O'Hara Group

Listed By: Connor Schwartz · License #10401355679 Show Phone

Source: Griffith-realty

Added: Jul 2 Changed: Oct 10 Last Checked: Oct 10 at 12:03AM

Report an Issue

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 The O'Hara Group

Investment Insights

Based on property information with market context.

This turn-key mixed-use property includes a fully equipped, maintained bar and restaurant plus two well-kept residential apartments located above the dining area. The building is described as being in exceptional condition inside and out, and the layout supports flexible use while keeping the current food-and-beverage operation in place.

The property sits on a large corner lot with ample parking and water views of Oneida Lake. It is located on Main St, with the Sylvan Beach public beach access about one block away.

Designed for an owner-operator or an investor looking to combine operating income with real estate, the structure offers a practical, ready-to-run restaurant/bar component alongside on-site residential space.

Key Highlights

• 1973‑built property featuring a fully equipped bar and restaurant, with two well‑kept residential apartments above
• Corner lot with ample parking and water views of Oneida Lake
• Located on Main St, with Sylvan Beach public beach access about one block away

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,566

Cap Rate

8.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,111,320 $1.1M

Cap Rate 7%

$793,800 $793.8K

Cap Rate 9%

$617,400 $617.4K

Market Conditions

NOI Build-Up for 6,135 SF

Gross rent

$84.7K $13.80/SF

− Vacancy

−$5.3K −$0.86/SF

EGI

$79.4K $12.94/SF

− OpEx

−$23.8K −$3.88/SF

NOI

$55.6K $9.06/SF

Area

Oneida County, NY

Vacancy

6.24%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,111,320

Cap Rate 7%

$793,800

Cap Rate 9%

$617,400

Alternative Uses

Best Use

Specialty Retail

$1.01M

$883.3K – $1.18M (±1% cap)

NOI $70,664 @ 7.0% cap · market cap 11.31%

Second Best

Multifamily LT 5

$793.8K

$694.6K – $926.1K (±1% cap)

NOI $55,566 @ 7.0% cap · market cap 8.89%

Theoretical Best

Office A

$1.62M

$1.41M – $1.89M (±1% cap)

NOI $113,169 @ 7.0% cap · market cap 18.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Parts Store Bakery (Bike/Boat/Book/etc) Store Auto Repair Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Turnkey business

Opportunity

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13157, NY

570

Population

671

Households

0.8

Avg Household Size

57

Median Age

25%

College-Educated

93%

High-School Grad

0.4 sq mi

ZIP Area

1,425

Density / Sq Mi

$53,125

Median Household Income

$59,063

Median Earnings

$969

Median Rent

$114,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Turn-key bar and restaurant with two residential apartments above on a corner lot with ample parking and lake views.

Where is this conventional restaurant located?

The property is located at 1424 Main Street Vienna, NY.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 1973‑built property featuring a fully equipped bar and restaurant, with two well‑kept residential apartments above; Corner lot with ample parking and water views of Oneida Lake; Located on Main St, with Sylvan Beach public beach access about one block away