Turnkey Restaurant and
3195 State Route 28 North Creek, NY 12853
3195 State Route 28, North Creek, NY, 12853
$899,977
For Sale
$899,977
Turnkey restaurant and bar offering a proven operating history with strong visibility near major local recreation destinations.
Property Size4,692 SF
Price / SF$191.81
Days on Market84
Property Features for 3195 State Route 28
General Information
- Standard status
- Active
- Size
- 4,692 SF
Listing agency
KW Platform
(518) 281-6808
Listed by
Scott P Varley · License #30VA0727304
(518) 281-6808
Source
Exprealty
Added: May 1 Updated: Jul 22 at 4:57PM Checked: Jul 22 at 4:57PM
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 KW Platform
Investment Insights
Based on property information with market context.
Basil & Wicks is a turnkey restaurant and bar offered for sale, positioned to serve a growing four-season visitation market. The property benefits from a proven operating history and strong visibility, supported by consistent traffic in the area.
Located at 3195 State Route 28, North Creek, the business is described as just two minutes from North Creek and Gore Mountain. Public and private development in the broader area is highlighted in the offering, including a new $40 million year-round lodge and Ski Bowl expansion, a new zip coaster, expanded lift-served mountain biking, and a hiking trail network.
The remarks also reference a $10 million public sewer project intended to support long-term growth and development for the region.
Located at 3195 State Route 28, North Creek, the business is described as just two minutes from North Creek and Gore Mountain. Public and private development in the broader area is highlighted in the offering, including a new $40 million year-round lodge and Ski Bowl expansion, a new zip coaster, expanded lift-served mountain biking, and a hiking trail network.
The remarks also reference a $10 million public sewer project intended to support long-term growth and development for the region.
Key Highlights
- Turnkey restaurant and bar with a proven operating history
- Located just 2 minutes from North Creek and Gore Mountain
- Positioned to benefit from a new $40 million year‑round lodge and Ski Bowl expansion
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.5k | $18.00 |
| − Vacancy | −$3.5k | −$0.76 |
| EGI | $80.9k | $17.24 |
| − OpEx | −$20.2k | −$4.31 |
| NOI | $60.7k | $12.93 |
4,692 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$866.9K
$758.5K – $1.01M
NOI $60,682 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,307 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar offering a proven operating history with strong visibility near major local recreation destinations.
Where is this conventional restaurant located?
The property is located at 3195 State Route 28 North Creek, NY.
What is the asking price?
The asking price for this property is $899,977.
What are key features of this property?
This property features: Turnkey restaurant and bar with a proven operating history; Located just 2 minutes from North Creek and Gore Mountain; Positioned to benefit from a new $40 million year‑round lodge and Ski Bowl expansion
