Seasonal Restaurant with Covered
For Sale
$915,000
4938 State Highway 28, Cooperstown, NY 13326
Purpose-built seasonal restaurant with a large covered L-shaped patio, a loft-style upper area, and a full commercial kitchen.
Property Size4,043 SF
Price / SF$226.32
Days on Market303
Property Features for 4938 State Highway 28
General Information
Standard status
Active
Size
4,043 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,976
Listing Agency:
Benson Agency Real Estate LLC
(607) 432-4391
Listed By:
Rodger B Moran · License #30MO0797197
(607) 287-1559
Source:
Exprealty
Added: Dec 19, 2025
Changed: Oct 13
Last Checked: Oct 16 at 2:43PM
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 Benson Agency Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This purpose-built seasonal restaurant is offered with the business and supporting assets described in the remarks, including restaurant land/building and equipment for a turn-key operating setup. The dining areas include a vaulted ceiling with exposed beams, a rustic 30-foot bar with a hostess station, and an L-shaped covered outdoor patio sized 16' by 80'. A commercial overhead door described as automatically opening helps connect indoor and outdoor dining when weather allows.
An upper loft-style area is included for private parties or gaming and overflow use. Additional interior space is accessed via a wrought-iron oversized staircase with bamboo flooring, providing more than 600 square feet of added seating or gaming space. The kitchen is described as a spotless two-line commercial kitchen.
The property is located less than one mile from Cooperstown Dreams Park, supporting seasonal demand tied to the baseball venue.
An upper loft-style area is included for private parties or gaming and overflow use. Additional interior space is accessed via a wrought-iron oversized staircase with bamboo flooring, providing more than 600 square feet of added seating or gaming space. The kitchen is described as a spotless two-line commercial kitchen.
The property is located less than one mile from Cooperstown Dreams Park, supporting seasonal demand tied to the baseball venue.
Key Highlights
- Purpose‑built seasonal restaurant operation with outdoor covered L‑shaped patio measuring 16' x 80'
- Overhead door auto‑opens to outdoor area, plus a second‑floor loft‑style space for private parties or gaming/overflow seating
- Loft and additional seating/gaming area totals over 600 sq ft, reached via an oversized staircase with bamboo flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,997
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,940
$1.1M
Cap Rate 7%
$799,957
$800.0K
Cap Rate 9%
$622,189
$622.2K
Market Conditions
NOI Build-Up for 4,043 SF
Gross rent
$76.7K $18.96/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$74.7K $18.47/SF
− OpEx
−$18.7K −$4.62/SF
NOI
$56.0K $13.85/SF
Area
Otsego County, NY
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,940
Cap Rate 7%
$799,957
Cap Rate 9%
$622,189
Alternative Uses
Best Use
Specialty Retail
$800.0K
$700.0K – $933.3K
NOI $55,997 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$975.2K – $1.30M
NOI $78,014 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,466 visits/mo
0.1 miles
Citgo
Shops & Services
3,831 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,326 visits/mo
0.2 miles
Demographics for 13326, NY
4,893
Population
2,724
Households
1.8
Avg Household Size
51
Median Age
48%
College-Educated
96%
High-School Grad
92.1 sq mi
ZIP Area
53
Density / Sq Mi
$70,977
Median Household Income
$33,740
Median Earnings
$1,120
Median Rent
$308,600
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Purpose-built seasonal restaurant with a large covered L-shaped patio, a loft-style upper area, and a full commercial kitchen.
Where is this conventional restaurant located?
The property is located at 4938 State Highway 28 Cooperstown, NY.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Purpose‑built seasonal restaurant operation with outdoor covered L‑shaped patio measuring 16' x 80'; Overhead door auto‑opens to outdoor area, plus a second‑floor loft‑style space for private parties or gaming/overflow seating; Loft and additional seating/gaming area totals over 600 sq ft, reached via an oversized staircase with bamboo flooring
