Turnkey Bakery Restaurant with
For Sale
$199,900
311 Nottingham Rd, Dewitt, NY 13210
Turnkey bakery restaurant with a fully equipped commercial kitchen and transferable lease in Nottingham Plaza.
Property Size1,179 SF
Days on Market163
Property Features for 311 Nottingham Rd
General Information
Standard status
Active
Size
1,179 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
1,179 SF
Year Built
1955
Stories
1
Listing Agency:
Hunt Commercial - Syracuse
(315) 457-7170
Listed By:
Stephen Schmitt · License ##10301221875
(315) 457-7170
Source:
Elliman
Added: Mar 17
Changed: Aug 24
Last Checked: Aug 26 at 11:07AM
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 Hunt Commercial - Syracuse
Investment Insights
Based on property information with market context.
This turnkey bakery restaurant business and space is built around a fully equipped commercial kitchen, supporting scratch-made European-inspired pastries, breads, and savory items. The operation, established in 2020, is family-owned and includes established supplier relationships and proprietary recipes. A transferable lease is available, and financials are provided to qualified buyers with a signed NDA.
The bakery is strategically located in Nottingham Plaza at 311 Nottingham Rd in Syracuse, with visibility and ample parking noted as key advantages.
The offering is positioned for an operator looking to step into an established, ready-to-run bakery setup, supported by the existing business platform and documented performance materials available through the NDA process.
The bakery is strategically located in Nottingham Plaza at 311 Nottingham Rd in Syracuse, with visibility and ample parking noted as key advantages.
The offering is positioned for an operator looking to step into an established, ready-to-run bakery setup, supported by the existing business platform and documented performance materials available through the NDA process.
Key Highlights
- Honeycomb Bakery established in 2020; family‑owned operation specializing in scratch‑made European‑inspired pastries, breads, and savory items
- Located in high‑traffic Nottingham Plaza at 315 Nottingham Road, DeWitt, NY, with ample parking
- Turnkey setup includes a fully equipped commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,300
$234.3K
Cap Rate 7%
$167,357
$167.4K
Cap Rate 9%
$130,167
$130.2K
Market Conditions
NOI Build-Up for 1,179 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.3K $13.80/SF
− Vacancy
−$651 −$0.55/SF
EGI
$15.6K $13.25/SF
− OpEx
−$3.9K −$3.31/SF
NOI
$11.7K $9.94/SF
Area
Syracuse, NY
Vacancy
4.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,300
Cap Rate 7%
$167,357
Cap Rate 9%
$130,167
Alternative Uses
Best Use
Specialty Retail
$167.4K
$146.4K – $195.3K
NOI $11,715 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 34%
Dining 12%
Home Improvements & Furnishings 7%
Tops Friendly Markets
Groceries
25,419 visits/mo
0.5 miles
Speedway
Shops & Services
15,641 visits/mo
0.1 miles
Bruegger's
Dining
4,364 visits/mo
0.1 miles
Salt City Hardware
Home Improvements & Furnishings
3,666 visits/mo
0.1 miles
KeyBank
Shops & Services
2,420 visits/mo
0.1 miles
Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey bakery restaurant with a fully equipped commercial kitchen and transferable lease in Nottingham Plaza.
Where is this conventional restaurant located?
The property is located at 311 Nottingham Rd Dewitt, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Honeycomb Bakery established in 2020; family‑owned operation specializing in scratch‑made European‑inspired pastries, breads, and savory items; Located in high‑traffic Nottingham Plaza at 315 Nottingham Road, DeWitt, NY, with ample parking; Turnkey setup includes a fully equipped commercial kitchen
