Bar and Pub Building with
52 Railroad Avenue, Hamlin, NY 14464
For Sale
New
$250,000
On-site equipment is included, with the building also identified for food preparation, events, and light manufacturing.
Property Size3,600 SF
Days on Market4
Property Features for 52 Railroad Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Titanium LLC
Listed By:
Kyle R. Rath · License NY 30RA0944777
(585) 750-7403
Source:
Highfallssir
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:44PM
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 RE/MAX Titanium LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building has a cupola and equipment that will remain with the property. Renovation work was completed in the early 2000s, and the recorded year built is 2000.
The property is described for bar or tavern use, as well as daycare, event, microbrewery, climate-controlled storage, food-truck preparation, and light manufacturing applications.
The property is described for bar or tavern use, as well as daycare, event, microbrewery, climate-controlled storage, food-truck preparation, and light manufacturing applications.
Key Highlights
- Equipment on site remains with the property
- Renovated in the early 2000s
- Recorded year built: 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,155
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,100
$323.1K
Cap Rate 7%
$230,786
$230.8K
Cap Rate 9%
$179,500
$179.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$24.6K $6.82/SF
− Vacancy
−$1.5K −$0.41/SF
EGI
$23.1K $6.41/SF
− OpEx
−$6.9K −$1.92/SF
NOI
$16.2K $4.49/SF
Area
Monroe County, NY
Vacancy
6.00%
Lease Rate
$6.82 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,100
Cap Rate 7%
$230,786
Cap Rate 9%
$179,500
Alternative Uses
Best Use
Specialty Retail
$691.1K
$604.7K – $806.3K
NOI $48,376 @ 7.0% cap · market cap 19.35%
Second Best
Industrial
$230.8K
$201.9K – $269.3K
NOI $16,155 @ 7.0% cap · market cap 6.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14464, NY
7,065
Population
2,907
Households
2.4
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
235
Density / Sq Mi
$75,583
Median Household Income
$41,233
Median Earnings
$916
Median Rent
$142,300
Median Home Value
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Market
Average Price Trend$/SF for Bars & Pubs in Monroe County, NY
Properties on Market for Bars & Pubs in Monroe County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Bar & Pub - On-site equipment is included, with the building also identified for food preparation, events, and light manufacturing.
Where is this bar & pub located?
The property is located at 52 Railroad Avenue Hamlin, 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: Equipment on site remains with the property; Renovated in the early 2000s; Recorded year built: 2000
