Waterfront Restaurant with Outdoor
9068 Snug Harbor Drive, Hammondsport, NY 14840
For Sale
New
Contact for pricing
A seasonal restaurant and bar with a commercial kitchen and a percentage-of-sales lease structure.
Property Size5,296 SF
Price / SF$0.38
Days on Market3
Property Features for 9068 Snug Harbor Drive
General Information
Standard status
Size
Amenities
fully equipped commercial kitchen
indoor dining area
outdoor dining area
custom mahogany bar
Building Details
Construction
Listing Agency:
Howard Hanna
(585) 756-7300
Listed By:
Tim N. Tompkins · License NY #10301219778
(585) 271-2400
Source:
Nicholcityrealty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 7:32AM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This 5,296-square-foot restaurant and bar occupies a multi-level building on Keuka Lake. The property has a commercial kitchen, indoor and outdoor dining areas, and a custom mahogany bar. Its seasonal operating format is paired with a percentage-of-sales lease structure.
Located at 9068 Snug Harbor Drive in Urbana, the restaurant sits directly on the lakefront. The setting and layout support dining both indoors and outdoors, with the building arranged across multiple levels.
Located at 9068 Snug Harbor Drive in Urbana, the restaurant sits directly on the lakefront. The setting and layout support dining both indoors and outdoors, with the building arranged across multiple levels.
Key Highlights
- 5,296‑square‑foot restaurant and bar
- Directly on Keuka Lake
- Commercial kitchen and custom mahogany bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,493
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,860
$1.4M
Cap Rate 7%
$978,471
$978.5K
Cap Rate 9%
$761,033
$761.0K
Market Conditions
NOI Build-Up for 5,296 SF
Gross rent
$95.3K $18.00/SF
− Vacancy
−$4.0K −$0.76/SF
EGI
$91.3K $17.24/SF
− OpEx
−$22.8K −$4.31/SF
NOI
$68.5K $12.93/SF
Area
Steuben 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%
$1,369,860
Cap Rate 7%
$978,471
Cap Rate 9%
$761,033
Alternative Uses
Best Use
Specialty Retail
$978.5K
$856.2K – $1.14M
NOI $68,493 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,376 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 14840, NY
2,905
Population
2,774
Households
1
Avg Household Size
55
Median Age
37%
College-Educated
95%
High-School Grad
58.6 sq mi
ZIP Area
50
Density / Sq Mi
$84,663
Median Household Income
$40,082
Median Earnings
$754
Median Rent
$223,200
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A seasonal restaurant and bar with a commercial kitchen and a percentage-of-sales lease structure.
Where is this conventional restaurant located?
The property is located at 9068 Snug Harbor Drive Hammondsport, NY.
What are key features of this property?
This property features: 5,296‑square‑foot restaurant and bar; Directly on Keuka Lake; Commercial kitchen and custom mahogany bar
