Restaurant Property with Gift
For Sale
Contact for pricing
3 North Main St, Massena, NY 13662
Two-building commercial property includes a fitted kitchen, dining areas, basement storage, and an additional rented retail building.
Property Size5,831 SF
Lot Size1.04 Acres
Price / SF$115.76
Days on Market67
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Property Features for 3 North Main St
General Information
Standard status
Active
Size
5,831 SF
Total Parking Spaces
11
Lot size
1.04 Acres
Property subtype
Retail
Additional Details
Furnished
Yes
Business Included
Yes
Corner Location
Yes
Equipment Included
Yes
Building Details
Year Built
1970
Buildings
2
Stories
1
Tenancy
Multi
Construction
brick
Listing Agency:
Fiacco Realty
Listed By:
Amanda Fiacco · License #10491212047
(315) 261-9809
Source:
Crexi
Added: Aug 10
Changed: Sep 14
Last Checked: Oct 14 at 10:06PM
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 Fiacco Realty
Investment Insights
Based on property information with market context.
Located at 3 North Main St in Massena, NY, this 1.04-acre restaurant property includes two buildings and 5,831 square feet of commercial improvements. The primary brick building is configured for restaurant operations, with dining areas, a breakfast bar, two half bathrooms, and a commercial kitchen equipped with an updated walk-in cooler and walk-in freezer. Restaurant furnishings and equipment include dishes, tables, chairs, booths, stools, and related kitchen items. A full basement provides additional storage, while a newer gas furnace and washer and dryer add to the building’s functional features.
The second building is occupied by a gift shop under a rental arrangement, creating an additional commercial use on the property. The site is described as a corner lot with ample parking and proximity to the hospital. Built in 1970, the property has supported restaurant operations, including Spanky’s Diner, which the current owners have operated since 2005.
The second building is occupied by a gift shop under a rental arrangement, creating an additional commercial use on the property. The site is described as a corner lot with ample parking and proximity to the hospital. Built in 1970, the property has supported restaurant operations, including Spanky’s Diner, which the current owners have operated since 2005.
Key Highlights
- 1.04‑acre corner lot with ample parking
- 5,831 SF property built in 1970
- Commercial kitchen with updated walk‑in cooler and walk‑in freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,986
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,720
$719.7K
Cap Rate 7%
$514,086
$514.1K
Cap Rate 9%
$399,844
$399.8K
Market Conditions
NOI Build-Up for 5,831 SF
Gross rent
$55.3K $9.48/SF
− Vacancy
−$3.9K −$0.66/SF
EGI
$51.4K $8.82/SF
− OpEx
−$15.4K −$2.64/SF
NOI
$36.0K $6.17/SF
Area
St. Lawrence County, NY
Vacancy
7.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,720
Cap Rate 7%
$514,086
Cap Rate 9%
$399,844
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,495 @ 7.0% cap · market cap 13.41%
Second Best
Retail
$1.06M
$926.7K – $1.24M
NOI $74,139 @ 7.0% cap · market cap 10.98%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,263 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Hotels & Casinos 22%
Sunoco
Shops & Services
3,493 visits/mo
0.3 miles
KeyBank
Shops & Services
3,202 visits/mo
0.2 miles
Quality Inn
Hotels & Casinos
2,202 visits/mo
0.3 miles
Slc Self Storage
Shops & Services
943 visits/mo
0.4 miles
Demographics for 13662, NY
15,814
Population
7,785
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
89.2 sq mi
ZIP Area
177
Density / Sq Mi
$56,987
Median Household Income
$38,535
Median Earnings
$712
Median Rent
$118,300
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-building commercial property includes a fitted kitchen, dining areas, basement storage, and an additional rented retail building.
Where is this conventional restaurant located?
The property is located at 3 North Main St Massena, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.04‑acre corner lot with ample parking; 5,831 SF property built in 1970; Commercial kitchen with updated walk‑in cooler and walk‑in freezer
