Building Details

Building Size 10,575 SF

Year Built 1970

Buildings 3

Stories 1

Listing Agency: Candy Costa Real Estate LLC Show Phone

Listed By: Candy Costa · License #10491209117 Show Phone

Source: Franzese-realestate

Added: Jun 16 Changed: Oct 23 Last Checked: Oct 23 at 1:29PM

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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 Candy Costa Real Estate LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This restaurant property in Central Square is operating as both a dining business and banquet venue. Built in 1970, the commercial-zoned structure sits along the north shore of the Oneida River, with dedicated parking and road frontage.

The property is at 916 County Route 37, near I-81 in Oswego County. Its riverfront position and highway access define the site’s setting.

Key Highlights

• Operating restaurant and banquet venue
• Located on the north shore of the Oneida River
• Road frontage and dedicated parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$136,766

Cap Rate

6.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,735,320 $2.7M

Cap Rate 7%

$1,953,800 $2.0M

Cap Rate 9%

$1,519,622 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,575 SF

Gross rent

$190.4K $18.00/SF

− Vacancy

−$8.0K −$0.76/SF

EGI

$182.4K $17.24/SF

− OpEx

−$45.6K −$4.31/SF

NOI

$136.8K $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%

$2,735,320

Cap Rate 7%

$1,953,800

Cap Rate 9%

$1,519,622

Alternative Uses

Best Use

Specialty Retail

$1.95M

$1.71M – $2.28M (±1% cap)

NOI $136,766 @ 7.0% cap · market cap 6.22%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,651 @ 7.0% cap · market cap 6.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Kitchen & Bath Showroom Parking Lot & Garage Skin Care Clinic Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

262

Businesses Nearby

37k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 84% Dining 8% Home Improvements & Furnishings 7%

Circle K Shops & Services

21,401 visits/mo 0.5 miles

Dollar General Shops & Services

9,606 visits/mo 0.5 miles

Little Caesars Pizza Dining

3,032 visits/mo 0.5 miles

Brewerton Ace Hardware Home Improvements & Furnishings

2,673 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - An operating restaurant and event venue offers dedicated parking and a waterfront setting.

Where is this conventional restaurant located?

The property is located at 916 County Route 37 Central Square, NY.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Operating restaurant and banquet venue; Located on the north shore of the Oneida River; Road frontage and dedicated parking