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    Versatile Commercial Property on 6.56 Acres Title is generated by Realmo AI

    8583 NY-365, Stittville, NY 13469

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    Commercial property with expansion potential on 6.56 acres.

    Type:Hospitality, Land, Mixed Use
    Property size:
    1,792 SF
    Lot size:
    6.56 Acres
    Price / SF:
    $145/SF
    Added:
    Oct 27, 2024
    Days on Market:
    620
    Last Refresh:
    May 12 at 9:29 pm

    Property Features for 8583 NY-365

    General Information

    Standard status
    Active
    Size
    1,792 SF
    Lot size
    6.56 Acres
    Property subtype
    Hospitality, Land, Mixed Use

    Building Details

    Year Built
    1989

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    Dana Chirillo
    Dana Chirillo

    Listing office River Hills Properties

    Listing date Oct 27, 2024

    Source Crexi

    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 River Hills Properties

    HighLights

    • High‑visibility commercial property on 6.56 acres offering expansion potential.
    • Formerly a well‑known diner, seating 75‑80, with operational equipment included.
    • Fully operational commercial kitchen featuring multiple prep stations and commercial‑grade appliances.
    • Versatile parking with 30+ spaces and room for expansion.
    • Located in a bustling area near Griffiss Business and Technology Park and Wolfspeed Nano.
    • Features two updated bathrooms, bar seating, and a full basement with walk‑out.

    Overview

    This commercial property offers 1,792 sq. ft. of space on 6.56 acres, providing opportunities for expansion and various uses. The property is located in a high-visibility area with frontage and easy access. Formerly operated as a diner with seating for 75-80, it includes outdoor seating options. The property features two updated bathrooms, bar seating, and a fully operational kitchen with prep stations and commercial-grade appliances. A list of equipment is available. Parking is available for 30+ vehicles, with room for more. The property has a 1,000-gallon concrete septic tank with a full basement and walk-out. The interior and exterior show meticulous detail. This property offers the space and flexibility to bring your vision to life, with options for development. It is located close to Griffiss Business and Technology Park and Wolfspeed Nano. This commercial opportunity offers a platform for achieving goals and realizing potential.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $29.0k $16.20
    − Vacancy −$1.5k −$0.84
    EGI $27.5k $15.36
    − OpEx −$6.9k −$3.84
    NOI $20.6k $11.52
    1,792 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $294.9K
    $258.0K – $344.0K (±1% cap)
    NOI $20,641 @ 7.0% cap · market cap 7.94%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $472.2K
    $413.2K – $550.9K (±1% cap)
    NOI $33,056 @ 7.0% cap · market cap 12.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    HVAC Service Auto Repair Shop Garden Center Grocery & Convenience Store Hair Salon Carpet & Flooring Store Nail Salon Storage Facility Spa & Massage Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Priscilla's Place — 8583 NY-365, Stittville, NY 13469

    Location Insight

    • Map
    • Local Demand
    City
    Stittville
    County
    Oneida
    State
    New York
    Longitude
    -75.295
    Latitude
    43.2222

    FAQs

    What type of property is this?
    Breakfast & diner - Commercial property with expansion potential on 6.56 acres.
    Where is this breakfast & diner located?
    The property is located at 8583 NY-365 Stittville, NY.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: High‑visibility commercial property on 6.56 acres offering expansion potential.; Formerly a well‑known diner, seating 75‑80, with operational equipment included.; Fully operational commercial kitchen featuring multiple prep stations and commercial‑grade appliances.
    (315) 525-3740 Call to check price and availability
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