Turnkey Restaurant & Event
3512 CR 14 Madrid, NY 13660
3512 CR 14, Madrid, NY, 13660
$479,000
For Sale
$479,000
COMMERCIAL - Madrid, NY
Property Size1,656 SF
Price / SF$289.25
Days on Market271
Property Features for 3512 CR 14
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Security features
- Security
- Patio and Porch features
- Porch, Deck
- Interior features
- 9 ft.+ ceilings, Ceiling fan(s), Double door entry, Handicapped Bathrooms, Security features
- Exterior features
- Deck, Handicapped Entrance, Outdoor lights, Porch, Storage/out-building(s)
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 52.021-1-16.11
- Size
- 1,656 SF
Taxes and HOA fees
- Tax Annual Amount
- 5506
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Building materials
- Vinyl siding
- Roof type
- Metal
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Trego Realty Group, LLC
(315) 705-5542
162 Main Street, Suite 2, Massena, NY
Listed by
Elizabeth Trego · License #10491210659
(315) 842-0266
Added: Oct 20, 2025 Checked: Jul 17 at 11:06 am
MLS# 52057
Copyright © 2026 St. Lawrence Board of Realtors. 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.
The Ole Smokehouse is a well-established restaurant and event venue known for its signature smoked meats and rustic charm. This fully operational business offers a unique opportunity to own a thriving restaurant and event space with a strong customer base and excellent visibility. Centrally located, it is 15-20 minutes to major towns such as Massena, Potsdam, Canton and Ogdensburg. The 1656 square foot property features a bar and dining room, a private meeting room that seats up to 20 people, two restrooms, wide plank floors, and a spacious back deck for outdoor dining. The restaurant is known for using locally sourced produce and offers a warm, inviting atmosphere. The centerpiece of the operation is the custom-built smoker, which holds up to 300 pounds of meat at once-enough for 75-80 racks of ribs, 36 pork butts, or a whole pig. A 32' x 64' pavilion on the property provides a versatile event space ideal for weddings, proms, parties, and community events. Located directly on the St. Lawrence County snowmobile trail system, The Old Smokehouse is a popular stop for snowmobilers and bikers, hosting several annual runs and gatherings and it is a big draw for the college crowds, with several colleges close by such as Clarkson and St Lawrence Univeristy. Hardwired connections to fire and police provide added safety. The seller is willing to assist with training and may share signature recipes. Everything conveys, offering an instant thriving business.
Key Highlights
- Turnkey Restaurant & Event Venue: Fully operational business with established reputation and excellent visibility, ready for immediate operation.
- High‑Capacity Custom Smoker: Capable of smoking up to 300 pounds of meat, a key feature for signature smoked meats.
- Versatile Event Space: 32' x 64' pavilion suitable for weddings, proms, parties, and community events, expanding revenue potential.
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 | $35.8k | $21.60 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $34.3k | $20.69 |
| − OpEx | −$8.6k | −$5.17 |
| NOI | $25.7k | $15.52 |
1,656 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.8K
$359.5K – $479.3K
NOI $28,759 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Conventional restaurant - Thriving restaurant and event space with established reputation for sale.
Where is this conventional restaurant located?
The property is located at 3512 CR 14 Madrid, NY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Turnkey Restaurant & Event Venue: Fully operational business with established reputation and excellent visibility, ready for immediate operation.; High‑Capacity Custom Smoker: Capable of smoking up to 300 pounds of meat, a key feature for signature smoked meats.; Versatile Event Space: 32' x 64' pavilion suitable for weddings, proms, parties, and community events, expanding revenue potential.
