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    7672 Us-20 Waterville, NY 13480

    Sponsored
    For Sale
    $295,000

    Prime Waterville Restaurant, High Visibility

    Property size:
    4,457 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,457 square foot retail property, formerly Michael's Fine Food & Spirits, is available for $295,000. Located at 7672 US-20 in Waterville, NY (Oneida County, zip code 13480), this three-story building sits on a 0.42-acre lot at the high-traffic intersection of NY Route 20 and NY Route 12, offering excellent visibility and accessibility. The property boasts a stately character and benefits from its location near Waterville, Hamilton, and Utica. The interior features a separate bar area, a beautiful brick fireplace, and upstairs office space. There is also partial third-floor space available, along with an off-street parking lot. The building's previous use as a successful restaurant makes it ideal for food service, but its versatile layout also presents opportunities for office or retail businesses. The asking price is $295,000, with a price per square foot of $66.19. This is a remarkable opportunity for entrepreneurs and investors seeking a high-visibility location on the Route 20 Scenic Byway (Cherry Valley Turnpike). Excellent signage opportunities are available.

    Property Features for 7672 Us-20

    General Information

    Property type
    Restaurants
    Square Feet
    4,457 SF
    Lot Size
    18,295 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • Former restaurant space available.
    • Suitable for food service, office, retail, or bar use.
    • High‑traffic location on Route 20 (Cherry Valley Turnpike).
    • Excellent visibility and signage opportunities.
    • Includes a separate bar area.
    • Features a charming brick fireplace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterville
    County
    Oneida
    State
    New York
    Longitude
    -75.378457054189
    Latitude
    42.913569770276

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    FAQs

    What type of property is this?
    Restaurant - Prime Waterville Restaurant, High Visibility
    Where is this restaurant located?
    The property is located at 7672 Us-20 Waterville, NY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Former restaurant space available.; Suitable for food service, office, retail, or bar use.; High-traffic location on Route 20 (Cherry Valley Turnpike).
    Request Owner's contact information
    7672 Us-20 Waterville, NY 13480
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    Waterville, NY 13480
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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
    7672 Us-20 Waterville, NY 13480
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