Restaurant with Outdoor
For Sale
$250,000
4962 State Highway 68, Ogdensburg, NY 13669
The operating deli and ice cream shop has indoor dining and seasonal seating on six picnic tables.
Property Size951 SF
Price / SF$262.88
Days on Market196
Property Features for 4962 State Highway 68
General Information
Standard status
Active
Size
951 SF
Total Parking Spaces
10
Property subtype
Commercial
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Building Size
951 SF
Year Built
1960
Stories
1
Listing Agency:
Palmer Realty
(315) 742-8100
Listed By:
Ariane Palmer · License #10491211743
(315) 262-6458
Source:
Homerootsrealty
Added: Apr 15
Changed: Oct 25
Last Checked: Oct 26 at 4:08AM
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 Palmer Realty
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Investment Insights
Based on property information with market context.
This operating deli and ice cream shop in Ogdensburg includes indoor dining for approximately 10 guests and seasonal outdoor seating with six picnic tables. The restaurant is equipped with a commercial hood system installed in 2025, a refrigerator, two freezers, and a lightly used Oklahoma Joe pellet smoker.
A heated, fully wired 12' x 30' split storage shed provides additional on-site storage. Two raised planter boxes are also located at the rear of the property. The address is 4962 State Highway 68, Ogdensburg, New York. The building dates to 1960.
A heated, fully wired 12' x 30' split storage shed provides additional on-site storage. Two raised planter boxes are also located at the rear of the property. The address is 4962 State Highway 68, Ogdensburg, New York. The building dates to 1960.
Key Highlights
- Operating deli and ice cream shop at 4962 State Highway 68, Ogdensburg, NY 13669
- Indoor dining area accommodates approximately 10 guests
- Seasonal outdoor seating with six picnic tables
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 951 SF
Gross rent
$20.5K $21.60/SF
− Vacancy
−$863 −$0.91/SF
EGI
$19.7K $20.69/SF
− OpEx
−$4.9K −$5.17/SF
NOI
$14.8K $15.52/SF
Area
St. Lawrence County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Specialty Retail
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.9K
$206.4K – $275.3K
NOI $16,515 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13669, NY
14,990
Population
7,419
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
85%
High-School Grad
101.5 sq mi
ZIP Area
148
Density / Sq Mi
$66,488
Median Household Income
$36,546
Median Earnings
$769
Median Rent
$101,800
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 - The operating deli and ice cream shop has indoor dining and seasonal seating on six picnic tables.
Where is this conventional restaurant located?
The property is located at 4962 State Highway 68 Ogdensburg, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Operating deli and ice cream shop at 4962 State Highway 68, Ogdensburg, NY 13669; Indoor dining area accommodates approximately 10 guests; Seasonal outdoor seating with six picnic tables
