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    2260 Ny-29A Gloversville, NY 12078

    For Sale
    $869,000

    Restaurant, Home, & Six Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property in Gloversville, NY, presents a unique investment opportunity. The offering includes a well-established, profitable restaurant and bar, operating successfully for 35 years and boasting a loyal customer base. The restaurant is housed in a Class A building, renovated in 2018, and situated on a six-acre lot featuring rolling grounds. Adjacent to the commercial building is a charming four-bedroom home, complete with a private pond and outdoor swimming pool. The property's prime location on NY-29A in Fulton County (zip code 12078) offers significant commercial potential, allowing for continued operation as a restaurant or conversion to another retail or commercial venture. The two buildings, each two stories, provide ample space for various uses. The current owners are retiring and are willing to assist with a smooth business transition. Strong financials and a proven track record ensure a secure investment with significant upside potential. This is a rare chance to acquire a turnkey operation with both residential and commercial components in a desirable location. The asking price is $869,000.

    Property Features for 2260 Ny-29A

    General Information

    Property type
    Restaurants
    Class
    A
    Lot Size
    261,360 SF

    Building Details

    Year Renovated
    2018
    Buildings
    2
    Stories
    2

    HighLights

    • Highly profitable restaurant and bar with established clientele.
    • Four‑bedroom home includes private pond and swimming pool.
    • Strong financial performance in a well‑maintained building.
    • Excellent retail space ideal for diverse commercial uses.
    • Seller‑assisted business transition offered.
    • Desirable location in a popular community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.419087
    Latitude
    43.0856554

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    FAQs

    What type of property is this?
    Restaurant - Restaurant, Home, & Six Acres
    Where is this restaurant located?
    The property is located at 2260 Ny-29A Gloversville, NY.
    What is the asking price?
    The asking price for this property is $869,000.
    What are key features of this property?
    This property features: Highly profitable restaurant and bar with established clientele.; Four-bedroom home includes private pond and swimming pool.; Strong financial performance in a well-maintained building.
    Request Owner's contact information
    2260 Ny-29A Gloversville, NY 12078
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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
    2260 Ny-29A Gloversville, NY 12078
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