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Two-Story Conventional Restaurant
For Sale
$289,000

308 N Franklin Street, Watkins Glen, NY 14891

CommercialSale, Watkins Glen, NY

Property Size4,514 SF
Lot Size0.04 Acres
Price / SF$64.02
Days on Market52

Property Features for 308 N Franklin Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Com 1
Zoning description Commercial
Rooms Basement
Lot features Rectangular, Rectangular Lot
Elementary school district Watkins Glen
Middle school district Watkins Glen
High school district Watkins Glen
Directions Franklin Street, next to Chemung Canal.
Subdivision Watkins Glen Village-Dix-442401
Standard status Active
APN 442401-065-053-0003-040-000-0000
Size 4,514 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 6025

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Flooring type Carpet, Linoleum, Vinyl
Roof type Membrane, Rubber
Listing Agency: Howard Hanna Corning
Listed By: Jody Saunders · License #10401275949
Added: Jul 24 Changed: Sep 12 Last Checked: Sep 13 at 1:06AM
MLS# R1701408

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 308 N Franklin Street in downtown Watkins Glen, this two-story restaurant property includes approximately 4,514 square feet with dining, bar, kitchen, restroom, storage, and basement areas. The first floor seats approximately 38 guests and includes a full-service bar with beer taps and a rotating gas-fired brick pizza oven. A second bar and additional seating for approximately 62 guests occupy the upper level, supporting dining, private events, overflow service, or live entertainment.

The property is three blocks from Seneca Lake and the waterfront pier, in a tourism destination that draws more than 3 million visitors annually. Building systems include central air conditioning, two furnaces, public water, public sewer, and a partial basement with a newer walk-in cooler and brand-new ice maker. Zoning is Com 1.

Key Highlights

  • Two‑story 4,514‑square‑foot restaurant property
  • First floor seats approximately 38 guests; upper level seats approximately 62
  • Two full‑service bars, including beer taps with a glycol system

Property Analytics

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Current Use

Atlas Brick Oven ... Restaurant

Suggested Use

Top Pick Plumbing Service Locksmith (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

523
Businesses Nearby
75k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 57% Shops & Services 30% Dining 12%
Walmart Superstores
43,220 visits/mo 0.5 miles
Sinclair Shops & Services
10,330 visits/mo 0.5 miles
Sunoco Shops & Services
8,075 visits/mo 0.3 miles
Arby's Dining
7,807 visits/mo 0.5 miles
7-Eleven Shops & Services
2,971 visits/mo 0.3 miles

Demographics for 14891, NY

4,140
Population
2,602
Households
1.6
Avg Household Size
46
Median Age
25%
College-Educated
91%
High-School Grad
54.4 sq mi
ZIP Area
76
Density / Sq Mi
$57,137
Median Household Income
$36,221
Median Earnings
$775
Median Rent
$146,300
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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Downtown Watkins Glen restaurant with dual bars, commercial kitchen, and flexible seating across two levels.
Where is this conventional restaurant located?
The property is located at 308 N Franklin Street Watkins Glen, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑story 4,514‑square‑foot restaurant property; First floor seats approximately 38 guests; upper level seats approximately 62; Two full‑service bars, including beer taps with a glycol system
More about this property
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