Listing Agency: Coldwell Banker - Prime Properties | Cohoes t***@theprimecompanies.com Show Phone

Listed By: Tamara Coons Show Phone

Source: Cbcworldwide

Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 5:05AM

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Investment Insights

Based on property information with market context.

This restaurant property includes the real estate and the established Adirondack Pizzeria business. The operation features a nostalgic arcade and has been run by the same owners for 40 years, providing a documented operating history tied to the property.

Located at 3107 State Rte 28 in Old Forge, the restaurant fronts the community’s main commercial strip. The offering combines an operating pizzeria business with an established physical location and an arcade component, allowing a new owner to continue the existing concept or pursue a different restaurant direction.

Key Highlights

• Real estate and established Adirondack Pizzeria business included
• Same owners have operated the restaurant for 40 years
• Nostalgic arcade included with the restaurant

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Electrical Service Building Supply Storage Facility Grocery & Convenience Store Bakery

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

268

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13420, NY

1,263

Population

2,441

Households

0.5

Avg Household Size

55

Median Age

62%

College-Educated

91%

High-School Grad

148.2 sq mi

ZIP Area

9

Density / Sq Mi

$107,770

Median Household Income

$47,346

Median Earnings

$348,900

Median Home Value

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Includes an established pizzeria business and a nostalgic arcade on State Rte 28.

Where is this conventional restaurant located?

The property is located at 3107 State Rte 28 Old Forge, NY.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Real estate and established Adirondack Pizzeria business included; Same owners have operated the restaurant for 40 years; Nostalgic arcade included with the restaurant