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    2903 State Route 8 Speculator, NY 12164

    For Lease
    Contact for pricing

    Prime Adirondack location, 1920 sq ft, high traffic.

    Lot size:
    1,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 2903 State Route 8 in Speculator, NY, presents a unique opportunity for a restaurant or similar business. Situated on a high-traffic corner at the intersection of Route 8 and Route 30, this 1,920 square foot building boasts a spacious interior capable of seating up to 62 patrons. The layout includes a large dining room, a walk-in area, and a counter space, providing ample room for both customer seating and operational needs. The property also offers outdoor space for additional seating, taking advantage of the picturesque Adirondack setting. The building sits on a 9,148 square foot lot. While the building requires some repairs and updates to its mechanical systems and appliances, these needs can be potentially incorporated into the lease terms, offering flexibility for prospective tenants. This property is ideally suited for a family-owned business looking to expand in the charming village of Speculator. Lease terms are negotiable. The property is located in Hamilton County, New York, zip code 12164. This location has a history of successful restaurant operations.

    Property Features for 2903 State Route 8

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,920 SF

    Unit(s) available at that property

    Space
    Size
    1,920 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Speculator
    County
    Hamilton
    State
    New York
    Longitude
    -74.364835
    Latitude
    43.5017598

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    FAQs

    What type of property is this?
    Specialty property - Prime Adirondack location, 1920 sq ft, high traffic.
    Where is this specialty property located?
    The property is located at 2903 State Route 8 Speculator, NY.
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    Speculator, NY 12164
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2903 State Route 8 Speculator, NY 12164
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