Building Details

Year Built 1960

Listing Agency: Hunt Real Estate

Listed By: David Kuperus · License #10301216133

Source: Crexi

Added: Oct 9, 2024 Changed: Oct 1 Last Checked: Oct 16 at 8:32AM

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Investment Insights

Based on property information with market context.

This established bar and restaurant property, located in Clifton Springs, New York, is available for sale. The property includes tables, bar stools, a pizza oven, grill and fryers, a slider cooler, small refrigerators, and a walk-in cooler. Additional equipment includes televisions. A new cooling unit was installed in 2024, and the coolers behind the bar were updated in 2018. The men's room was remodeled in 2018. The property offers potential for extra income from a pool table, dart boards, ATM, Loto machine, and Dragon machine. The property size is 2,102 square feet.

Key Highlights

• Fully equipped bar with essential equipment included like a pizza oven, grill, fryers and coolers.
• Multiple income streams from pool table, dart boards, ATM, Loto machine, and Dragon machine.
• New cooling unit installed in 2024.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,167

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$663,340 $663.3K

Cap Rate 7%

$473,814 $473.8K

Cap Rate 9%

$368,522 $368.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,102 SF

Gross rent

$45.4K $21.60/SF

− Vacancy

−$1.2K −$0.56/SF

EGI

$44.2K $21.04/SF

− OpEx

−$11.1K −$5.26/SF

NOI

$33.2K $15.78/SF

Area

Ontario County, NY

Vacancy

2.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$663,340

Cap Rate 7%

$473,814

Cap Rate 9%

$368,522

Alternative Uses

Best Use

Specialty Retail

$473.8K

$414.6K – $552.8K (±1% cap)

NOI $33,167 @ 7.0% cap · market cap 6.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$629.2K

$550.5K – $734.0K (±1% cap)

NOI $44,041 @ 7.0% cap · market cap 8.90%

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

Property Analytics

Current Use

Bars & Pubs

Location Intelligence

Trade Area within ½ mile

333

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 14432, NY

5,746

Population

2,347

Households

2.4

Avg Household Size

45

Median Age

29%

College-Educated

93%

High-School Grad

39.3 sq mi

ZIP Area

146

Density / Sq Mi

$69,750

Median Household Income

$48,958

Median Earnings

$696

Median Rent

$150,900

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?

Bar & Pub - Turnkey bar and restaurant with equipment in Clifton Springs, NY.

Where is this bar & pub located?

The property is located at 2121 NY-96 Clifton Springs, NY.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Fully equipped bar with essential equipment included like a pizza oven, grill, fryers and coolers.; Multiple income streams from pool table, dart boards, ATM, Loto machine, and Dragon machine.; New cooling unit installed in 2024.