Redevelopment Opportunity on Burrstone
For Sale
$149,900
Pending
1733 Burrstone Rd, New Hartford, NY 13413
Two parcels with income potential and redevelopment opportunity.
Property Size957 SF
Days on Market154
Property Features for 1733 Burrstone Rd
General Information
Standard status
Pending
Size
957 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$465
Building Details
Building Size
957 SF
Year Built
1949
Stories
1
Listing Agency:
Coldwell Banker Sexton Real Estate
Listed By:
Kathleen Despins
(315) 796-4732
Source:
Elliman
Added: May 11
Changed: Oct 10
Last Checked: Oct 11 at 6:50AM
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 features two adjacent parcels on high-visibility Burrstone Road, to be sold together. One parcel, located at 1731 Burrstone Rd, is currently home to an actively operating ice cream business, providing immediate income potential. The commercial space includes air conditioning and heat. The tenant is open to staying a couple more years. The second parcel, located at 1733 Burrstone Rd, features a residential structure that has experienced fire damage and is being sold as-is. This presents a prime redevelopment or rebuild opportunity in a desirable location. This package is ideal for investors, developers, or owner-operators looking to capitalize on strong road exposure, steady traffic flow, and mixed-use potential in a sought-after New Hartford corridor. The location has a walk score of 42, indicating it is car-dependent, and a bike score of 30, meaning it is somewhat bikeable.
Key Highlights
- Two adjacent parcels on high‑visibility Burrstone Road being sold together.
- Actively operating ice cream business at 1731 Burrstone Rd provides immediate income potential.
- 1733 Burrstone Rd offers a redevelopment or rebuild opportunity after fire damage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,023
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,460
$220.5K
Cap Rate 7%
$157,471
$157.5K
Cap Rate 9%
$122,478
$122.5K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$15.5K $16.20/SF
− Vacancy
−$806 −$0.84/SF
EGI
$14.7K $15.36/SF
− OpEx
−$3.7K −$3.84/SF
NOI
$11.0K $11.52/SF
Area
Oneida County, NY
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,460
Cap Rate 7%
$157,471
Cap Rate 9%
$122,478
Alternative Uses
Best Use
Specialty Retail
$157.5K
$137.8K – $183.7K
NOI $11,023 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.2K
$220.7K – $294.2K
NOI $17,653 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 54%
Dining 37%
Hotels & Casinos 5%
Shops & Services 5%
The Home Depot
Home Improvements & Furnishings
35,788 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,903 visits/mo
0.1 miles
Friendly's Ice Cream
Dining
5,329 visits/mo
0.2 miles
IHOP
Dining
5,155 visits/mo
0.4 miles
Burrstone Inn, Ascend Hotel Collection
Hotels & Casinos
3,121 visits/mo
0.2 miles
Demographics for 13413, NY
15,574
Population
7,537
Households
2.1
Avg Household Size
47
Median Age
49%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
807
Density / Sq Mi
$91,899
Median Household Income
$57,723
Median Earnings
$1,133
Median Rent
$218,900
Median Home Value
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two parcels with income potential and redevelopment opportunity.
Where is this conventional restaurant located?
The property is located at 1733 Burrstone Rd New Hartford, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two adjacent parcels on high‑visibility Burrstone Road being sold together.; Actively operating ice cream business at 1731 Burrstone Rd provides immediate income potential.; 1733 Burrstone Rd offers a redevelopment or rebuild opportunity after fire damage.
