Conventional Restaurant with Dessert
For Sale
$459,000
300 Watkins Road, Horseheads, NY 14845
Established restaurant offering breakfast, lunch, and homemade desserts in Horseheads.
Property Size2,144 SF
Price / SF$214.09
Days on Market83
Property Features for 300 Watkins Road
General Information
Standard status
Active
Size
2,144 SF
Property subtype
CommercialLease
Additional Details
Business Included
Yes
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 795-2900
Listed By:
Andrew Hughes · License #10401336330
(607) 731-2030
Source:
Nicholcityrealty
Added: Jul 24
Changed: Sep 30
Last Checked: Oct 12 at 8:22PM
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 Keller Williams Realty Southern Tier & Finger Lakes
Investment Insights
Based on property information with market context.
This restaurant property at 300 Watkins Road in Horseheads offers an established food-service operation centered on breakfast, lunch, and homemade desserts. The business is presented as a functioning restaurant with an existing customer base and community recognition.
The property is located in Horseheads, NY, along Watkins Road. Its operating concept combines daytime meal service with dessert offerings, providing a defined format for continued restaurant use.
The property is located in Horseheads, NY, along Watkins Road. Its operating concept combines daytime meal service with dessert offerings, providing a defined format for continued restaurant use.
Key Highlights
- Breakfast, lunch, and homemade desserts offered
- Established customer base in the community
- Located at 300 Watkins Road, Horseheads, NY 14845
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,136
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,720
$442.7K
Cap Rate 7%
$316,229
$316.2K
Cap Rate 9%
$245,956
$246.0K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$30.9K $14.40/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$29.5K $13.77/SF
− OpEx
−$7.4K −$3.44/SF
NOI
$22.1K $10.32/SF
Area
Chemung County, NY
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,720
Cap Rate 7%
$316,229
Cap Rate 9%
$245,956
Alternative Uses
Best Use
Specialty Retail
$316.2K
$276.7K – $368.9K
NOI $22,136 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$19.52M
$17.08M – $22.77M
NOI $1,366,185 @ 7.0% cap · market cap 297.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14845, NY
20,628
Population
9,370
Households
2.2
Avg Household Size
46
Median Age
35%
College-Educated
96%
High-School Grad
78.2 sq mi
ZIP Area
264
Density / Sq Mi
$76,617
Median Household Income
$45,909
Median Earnings
$1,175
Median Rent
$183,900
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant offering breakfast, lunch, and homemade desserts in Horseheads.
Where is this conventional restaurant located?
The property is located at 300 Watkins Road Horseheads, NY.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Breakfast, lunch, and homemade desserts offered; Established customer base in the community; Located at 300 Watkins Road, Horseheads, NY 14845
