Restaurant and Banquet
For Sale
$2,200,000
916 County Route 37, Central Square, NY 13036
COMMERCIAL - Central Square, NY
Property Size10,575 SF
Lot Size3.87 Acres
Price / SF$208.04
Days on Market46
Property Features for 916 County Route 37
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
07
Zoning description
Commercial
Parking
100
Parking features
Driveway
Lot features
Irregular Lot
View
Water
High school
Paul V Moore High
Elementary school district
Central Square
Middle school district
Central Square
High school district
Central Square
Directions
Take I-81 to Brewerton Exit, Turn Right onto Bartell Rd, to Route 11. Turn Right. Cross over the bridge and turn right at the next light. Take the 4th Right in the Parking on your Right. Welcome to 916! Come and enjoy!
Subdivision
Hastings-353289
Standard status
Active
APN
353289-307-011-0004-003-000-0000
Size
10,575 SF
Lot size
3.87 Acres
Taxes and HOA fees
Tax Annual Amount
14489
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Water front features
Lake
Water front
1
Building Details
Year built
1970
Floors in Building
1
Flooring type
Carpet, Vinyl, Linoleum, Varies, Hardwood
Building materials
Block, Frame
Roof type
Flat
Listing Agency:
Candy Costa Real Estate LLC
(315) 505-6609
Listed By:
Candy Costa · License #10491209117
(315) 447-0668
Added: Jun 16
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# S1687203
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Restaurant and banquet venue on a 3.87-acre parcel in Central Square. The commercial structure was built in 1970 and features block and frame construction with a flat roof. Interior finishes include a mix of flooring such as carpet, vinyl, linoleum, hardwood, and variations. Heating is provided via natural gas baseboard systems.
The property is served by public water and public sewer. Parking is available via a driveway, and the site includes waterfront features listed as lake. The address is 916 County Route 37.
The property is served by public water and public sewer. Parking is available via a driveway, and the site includes waterfront features listed as lake. The address is 916 County Route 37.
Key Highlights
- Conventional restaurant and banquet venue on 3.87 acres
- 3,87‑acre lot with public water and public sewer
- Built in 1970 with block and frame construction
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 | $190.4k | $18.00 |
| − Vacancy | −$8.0k | −$0.76 |
| EGI | $182.4k | $17.24 |
| − OpEx | −$45.6k | −$4.31 |
| NOI | $136.8k | $12.93 |
10,575 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
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
NOI $147,651 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
21k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
21,401 visits/mo
0.5 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and banquet venue on a public utilities lot with public water and public sewer.
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: Conventional restaurant and banquet venue on 3.87 acres; 3,87‑acre lot with public water and public sewer; Built in 1970 with block and frame construction
