Freestanding Restaurant and
For Sale
Contact for pricing
68 US Rte 11, Central Square, NY 13036
Freestanding restaurant and bar with a fully equipped kitchen, indoor and outdoor stages, and parking for approximately 40 cars.
Property Size3,366 SF
Lot Size0.78 Acres
Price / SF$148.25
Days on Market113
Property Features for 68 US Rte 11
General Information
Standard status
Active
Size
3,366 SF
Total Parking Spaces
40
Lot size
0.78 Acres
Property subtype
RETAIL
Additional Details
Furnished
Yes
Grease Trap
Yes
Amenities
indoor stage
DJ booth
sound system
light show system
outdoor stage
tiki bar
storage shed
walk-in cooler
keg taps
electric fireplace
camera system
big screen TVs
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Syracuse
(315) 445-1030
Listed By:
Kimberly Boynton · License #10401380704
(315) 882-1178
Source:
Moodyscre
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 28 at 7:56AM
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 Cushman & Wakefield | Pyramid Brokerage - Syracuse
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Investment Insights
Based on property information with market context.
This freestanding restaurant and bar offers a built-out operating setup with approximately 3,366 square feet on 0.78 acres. The interior includes a fully equipped kitchen featuring a grease trap, new fryers, a new large ice machine, a new large countertop pizza oven, an oven with multiple burners, and three chest freezers. Front-of-house improvements include recently painted interiors and newly added large screen TVs, with a new camera system throughout.
The property is set up for live entertainment with an indoor stage that includes a DJ booth plus a sound system and light show system. It also has a large outdoor stage and a tiki bar with pull-up doors and serving counters on all sides, along with reach-in coolers and water. Additional features include a large walk-in cooler behind the bar with keg taps, a separate storage shed, heating and A/C throughout, an instant hot water system, and a working electric fireplace in the bar.
On-site parking has been recently leveled and can accommodate approximately 40 cars, with overflow parking available on racetrack property. The roof is in good condition. The property is also listed as less than 15 minutes to the Micron site on Route 31.
The property is set up for live entertainment with an indoor stage that includes a DJ booth plus a sound system and light show system. It also has a large outdoor stage and a tiki bar with pull-up doors and serving counters on all sides, along with reach-in coolers and water. Additional features include a large walk-in cooler behind the bar with keg taps, a separate storage shed, heating and A/C throughout, an instant hot water system, and a working electric fireplace in the bar.
On-site parking has been recently leveled and can accommodate approximately 40 cars, with overflow parking available on racetrack property. The roof is in good condition. The property is also listed as less than 15 minutes to the Micron site on Route 31.
Key Highlights
- 3,366± SF freestanding restaurant/bar on 0.78± acre
- Fully equipped kitchen: grease trap, new fryers, new large ice machine, and new countertop pizza oven
- Beer and bar setup includes large walk‑in cooler with keg taps and three chest freezers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,532
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,640
$870.6K
Cap Rate 7%
$621,886
$621.9K
Cap Rate 9%
$483,689
$483.7K
Market Conditions
NOI Build-Up for 3,366 SF
Gross rent
$60.6K $18.00/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$58.0K $17.24/SF
− OpEx
−$14.5K −$4.31/SF
NOI
$43.5K $12.93/SF
Area
Oswego 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%
$870,640
Cap Rate 7%
$621,886
Cap Rate 9%
$483,689
Alternative Uses
Best Use
Specialty Retail
$621.9K
$544.2K – $725.5K
NOI $43,532 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.4K
$587.5K – $783.3K
NOI $46,997 @ 7.0% cap · market cap 9.42%
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
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13036, NY
8,601
Population
3,959
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
46.1 sq mi
ZIP Area
187
Density / Sq Mi
$87,610
Median Household Income
$45,448
Median Earnings
$960
Median Rent
$173,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Wild Horse Bar and Grill — 720 County Rte 37, Central Square, NY 13036
- The Finish Line Bar & Grill — 68 US-11, Brewerton, NY 13036
Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding restaurant and bar with a fully equipped kitchen, indoor and outdoor stages, and parking for approximately 40 cars.
Where is this bar & pub located?
The property is located at 68 US Rte 11 Central Square, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,366± SF freestanding restaurant/bar on 0.78± acre; Fully equipped kitchen: grease trap, new fryers, new large ice machine, and new countertop pizza oven; Beer and bar setup includes large walk‑in cooler with keg taps and three chest freezers
