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    8461 State Route 3 Pulaski, NY 13142

    Sponsored
    For Sale
    $495,000

    Established eatery, high cap rate, 5,756 sq ft

    Property size:
    5,756 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey business opportunity presents the Sand Bar Restaurant and Bar, a well-established Pulaski, NY landmark since 1993. Located at 8461 State Route 3, this single-story, 5,756 square foot Class A building sits on a 1.63-acre lot and is zoned for business use. The property boasts a strong 8.00% cap rate and is priced at $495,000 ($86 per square foot). This popular establishment is known for hosting weddings, parties, and everyday dining, making it a highly sought-after destination in the Sandy Pond area. Its prime location less than an hour from Syracuse ensures consistent customer traffic and significant investment potential. The building itself was constructed in 1993 and offers ample space for both the restaurant and bar operations. This is a rare chance to acquire a thriving business with a proven track record in a desirable location. The property's size and zoning provide flexibility for future expansion or adaptation to changing market demands. This is a truly remarkable opportunity for a savvy investor seeking a high-return, established business in a vibrant community.

    Property Features for 8461 State Route 3

    General Information

    Property type
    Investment properties
    Square Feet
    5,756 SF
    Class
    A
    Lot Size
    71,003 SF

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $495,000 asking price for this established business.
    • Class A, 5,756 square foot building on a 1.63‑acre lot.
    • 8% cap rate, $86 per square foot.
    • One‑story, 1993‑built restaurant and bar in Pulaski, NY.
    • Located on State Route 3, less than an hour from Syracuse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Hotel & Motel Convenience Store Bed & Breakfast Italian Restaurant Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pulaski
    County
    Oswego
    State
    New York
    Longitude
    -76.153692
    Latitude
    43.6328776

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    FAQs

    What type of property is this?
    Investment property - Established eatery, high cap rate, 5,756 sq ft
    Where is this investment property located?
    The property is located at 8461 State Route 3 Pulaski, 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: $495,000 asking price for this established business.; Class A, 5,756 square foot building on a 1.63-acre lot.; 8% cap rate, $86 per square foot.
    Request Owner's contact information
    8461 State Route 3 Pulaski, NY 13142
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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
    8461 State Route 3 Pulaski, NY 13142
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