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    1424 Main St Sylvan Beach, NY 13157

    Sponsored
    For Sale
    $659,900

    Prime Retail Space, Oneida Lake Views

    Property size:
    6,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 1424 Main Street in Sylvan Beach, NY, presents a unique investment opportunity. Boasting 6,135 square feet of retail space situated on a generous 36,451 square foot lot, this property is ideally located in the heart of Sylvan Beach, a thriving resort town on the shores of Oneida Lake. The property has a long and successful history as a well-established local restaurant, attracting both residents and tourists for over 50 years. The building is in pristine, turn-key condition, requiring no immediate renovations or repairs. The ample paved parking lot provides convenient access for customers. Its prime location offers easy access to both Utica and Syracuse, making it an attractive destination for a wide range of businesses. The property's versatility allows for various uses, including continued operation as a restaurant, conversion into retail shops, or even development into short-term rental units. This is a rare chance to acquire a successful, established business in a beautiful and growing resort town. The asking price is $659,900. Don't miss this chance to own a piece of Sylvan Beach's vibrant commercial landscape. The property is zoned for commercial use and is ready for immediate occupancy. The location offers stunning views of Oneida Lake and the sandy beach, creating a desirable atmosphere for both businesses and customers. This is a truly exceptional opportunity for an investor seeking a turn-key operation in a high-demand location.

    Property Features for 1424 Main St

    General Information

    Property type
    Land
    Square Feet
    6,135 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Captain John's Restaurant Seafood Restaurant

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvan Beach
    County
    Oneida
    State
    New York
    Longitude
    -75.727933
    Latitude
    43.2030019

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    FAQs

    What type of property is this?
    Land - Prime Retail Space, Oneida Lake Views
    Where is this land located?
    The property is located at 1424 Main St Sylvan Beach, NY.
    What is the asking price?
    The asking price for this property is $659,900.
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    1424 Main St Sylvan Beach, NY 13157
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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
    1424 Main St Sylvan Beach, NY 13157
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