14-Unit Mixed-Use
2389 State Route 5, Schuyler, NY 13502
For Sale
$1,299,000
An operating barbecue and ice cream restaurant shares the property with 14 apartment units.
Property Size13,632 SF
Lot Size2.00 Acres
Price / SF$95.29
Days on Market40
Property Features for 2389 State Route 5
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Business Included
Multifamily Units
Currently Operating
Building Details
Year Built
Listing Agency:
The Beach Real Estate Team
Listed By:
Sheila A. Beach · License NY #10491213793
(315) 796-3533
Source:
Prestigefamilyrealty
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 9 at 1:49PM
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 Beach Real Estate Team
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property brings together Papa Charlie’s Country Barbeque & Ice Cream and 14 apartment units. The restaurant is operating and owner-run. The property encompasses approximately 2 acres, with a 13,632-square-foot building constructed in 1900.
The site is on State Route 5 in Schuyler, New York, providing a roadside setting for the restaurant and residential component.
The site is on State Route 5 in Schuyler, New York, providing a roadside setting for the restaurant and residential component.
Key Highlights
- 14 apartment units alongside a restaurant
- Papa Charlie’s Country Barbeque & Ice Cream is operating and owner‑run
- Approximately 2 acres on State Route 5 in Schuyler, New York
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,481
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,620
$2.3M
Cap Rate 7%
$1,621,157
$1.6M
Cap Rate 9%
$1,260,900
$1.3M
Market Conditions
NOI Build-Up for 13,632 SF
Gross rent
$220.8K $16.20/SF
− Vacancy
−$14.5K −$1.06/SF
EGI
$206.3K $15.14/SF
− OpEx
−$92.8K −$6.81/SF
NOI
$113.5K $8.32/SF
Area
Oneida County, NY
Vacancy
6.57%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,620
Cap Rate 7%
$1,621,157
Cap Rate 9%
$1,260,900
Alternative Uses
Best Use
Mixed Use
$2.31M
$2.02M – $2.70M
NOI $161,948 @ 7.0% cap · market cap 12.47%
Second Best
Specialty Retail
$2.24M
$1.96M – $2.62M
NOI $157,016 @ 7.0% cap · market cap 12.09%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,461 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 13502, NY
33,990
Population
15,337
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
51.4 sq mi
ZIP Area
661
Density / Sq Mi
$59,530
Median Household Income
$36,927
Median Earnings
$965
Median Rent
$149,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Oneida County, NY
Properties on Market for Mixed-use properties in Oneida County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating barbecue and ice cream restaurant shares the property with 14 apartment units.
Where is this mixed-use property located?
The property is located at 2389 State Route 5 Schuyler, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 14 apartment units alongside a restaurant; Papa Charlie’s Country Barbeque & Ice Cream is operating and owner‑run; Approximately 2 acres on State Route 5 in Schuyler, New York
