Adjacent Restaurant and Redevelopment
1731 Burrstone Rd New Hartford, NY 13413
1731 Burrstone Rd, New Hartford, NY, 13413
$139,900
Pending
For Sale
$139,900
Pending
Two adjacent parcels on Burrstone Road include an operating ice cream store and a fire-damaged structure sold as-is.
Property Size546 SF
Days on Market79
Property Features for 1731 Burrstone Rd
General Information
- Standard status
- Pending
- Size
- 546 SF
Listing agency
Coldwell Banker Sexton Real Estate
(315) 796-4732
Listed by
Kathleen Despins
(315) 796-4732
Source
Exprealty
Added: May 4 Updated: Jul 21 at 7:12AM Checked: Jul 21 at 7:12AM
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 Coldwell Banker Sexton Real Estate
Investment Insights
Based on property information with market context.
This offering includes two adjacent parcels that must be sold together, though they are listed and priced separately. 1731 Burrstone Rd includes a residential structure that has experienced fire damage and is being sold as-is.
1733 Burrstone Rd is home to a well-established, actively operating ice cream business. The commercial space is equipped with air conditioning and heat, with the heat reportedly not in use during winter months. Both parcels are located on Burrstone Road in New Hartford, NY.
The package combines an income-producing ice cream operation with a second parcel suitable for redevelopment or rebuild, depending on the buyer’s plans.
1733 Burrstone Rd is home to a well-established, actively operating ice cream business. The commercial space is equipped with air conditioning and heat, with the heat reportedly not in use during winter months. Both parcels are located on Burrstone Road in New Hartford, NY.
The package combines an income-producing ice cream operation with a second parcel suitable for redevelopment or rebuild, depending on the buyer’s plans.
Key Highlights
- Two adjacent parcels on Burrstone Road must be sold together, though they are listed and priced separately (separate transactions).
- 1733 Burrstone Rd: actively operating ice cream business with immediate business‑in‑place income potential.
- 1733 Burrstone Rd commercial space includes air conditioning and heat (heat not in use during winter months).
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 | $8.8k | $16.20 |
| − Vacancy | −$460 | −$0.84 |
| EGI | $8.4k | $15.36 |
| − OpEx | −$2.1k | −$3.84 |
| NOI | $6.3k | $11.52 |
546 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$89.8K
$78.6K – $104.8K
NOI $6,289 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.9K
$125.9K – $167.9K
NOI $10,072 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burrstone Ice Cream ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two adjacent parcels on Burrstone Road include an operating ice cream store and a fire-damaged structure sold as-is.
Where is this conventional restaurant located?
The property is located at 1731 Burrstone Rd New Hartford, NY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two adjacent parcels on Burrstone Road must be sold together, though they are listed and priced separately (separate transactions).; 1733 Burrstone Rd: actively operating ice cream business with immediate business‑in‑place income potential.; 1733 Burrstone Rd commercial space includes air conditioning and heat (heat not in use during winter months).
