Turn-Key Ice Cream & Grill
587 Main St, Limestone, NY 14753
For Sale
$309,900
Recently built restaurant with commercial kitchen, indoor/outdoor seating, and soft-serve equipment included for immediate operation.
Property Size1,312 SF
Price / SF$236.20
Days on Market160
Property Features for 587 Main St
General Information
Standard status
Size
Additional Details
Business Included
Highway Access
Building Details
Year Built
Listing Agency:
Real Estate Pros & More
Listed By:
Kenneth M. Bailey · License #10371200907
(716) 307-6960
Source:
Skinnercnyrealty
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 7 at 2:28PM
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 Real Estate Pros & More
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Investment Insights
Based on property information with market context.
Recently constructed restaurant offers approximately 1,200 square feet of turnkey operation, currently operating as Fatties Creamery & Grill. The interior includes a dining area and a customer restroom, along with ice cream display coolers featuring more than 30 flavors. The commercial kitchen is fully equipped with a griddle, grill, and ovens, and a newly installed soft serve ice cream machine is included in the sale.
The property is located directly on busy Route 219 in Limestone, NY, a corridor connecting New York and Pennsylvania. The site provides visibility and easy access for motorists, with the PA border only minutes away.
This setup is well-suited for an operator seeking a modern, ready-to-run restaurant concept with both indoor dining and outdoor seating, including covered patio areas designed to expand guest capacity during warmer months. For a buyer looking to continue the existing brand or bring a new concept to a functional, fully equipped footprint, the combination of established service components and seating flexibility supports year-round operation.
The property is located directly on busy Route 219 in Limestone, NY, a corridor connecting New York and Pennsylvania. The site provides visibility and easy access for motorists, with the PA border only minutes away.
This setup is well-suited for an operator seeking a modern, ready-to-run restaurant concept with both indoor dining and outdoor seating, including covered patio areas designed to expand guest capacity during warmer months. For a buyer looking to continue the existing brand or bring a new concept to a functional, fully equipped footprint, the combination of established service components and seating flexibility supports year-round operation.
Key Highlights
- Newly built 1,200 SF commercial restaurant operating as Fatties Creamery & Grill (Year Built: 2025)
- Located directly on busy Route 219, a highly traveled NY–PA corridor, just minutes from the PA border
- Fully equipped commercial kitchen with griddle, grill, and ovens, plus soft‑serve ice cream machine included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,968
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,360
$339.4K
Cap Rate 7%
$242,400
$242.4K
Cap Rate 9%
$188,533
$188.5K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$23.6K $18.00/SF
− Vacancy
−$992 −$0.76/SF
EGI
$22.6K $17.24/SF
− OpEx
−$5.7K −$4.31/SF
NOI
$17.0K $12.93/SF
Area
Cattaraugus County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,360
Cap Rate 7%
$242,400
Cap Rate 9%
$188,533
Alternative Uses
Best Use
Specialty Retail
$242.4K
$212.1K – $282.8K
NOI $16,968 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$259.3K
$226.9K – $302.5K
NOI $18,151 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14753, NY
1,067
Population
497
Households
2.1
Avg Household Size
48
Median Age
14%
College-Educated
92%
High-School Grad
35.8 sq mi
ZIP Area
30
Density / Sq Mi
$44,167
Median Household Income
$34,948
Median Earnings
$692
Median Rent
$75,900
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 - Recently built restaurant with commercial kitchen, indoor/outdoor seating, and soft-serve equipment included for immediate operation.
Where is this conventional restaurant located?
The property is located at 587 Main St Limestone, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Newly built 1,200 SF commercial restaurant operating as Fatties Creamery & Grill (Year Built: 2025); Located directly on busy Route 219, a highly traveled NY–PA corridor, just minutes from the PA border; Fully equipped commercial kitchen with griddle, grill, and ovens, plus soft‑serve ice cream machine included
