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    107 11Th St Watkins Glen, NY 14891

    Sponsored
    For Sale
    $1,900,000

    Restaurant & Two Income Properties

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity in Watkins Glen, NY, presents a thriving restaurant, Kookalarocs Bar and Grill, known for its seafood and local cuisine, situated at 107 11th Street. The restaurant boasts a charming rustic setting, modern amenities, and a spacious outdoor terrace. Included in this $1,900,000 offering are two additional investment properties located at 106 and 109 11th Street, adjacent to the restaurant. These properties are ideally suited for short-term or long-term rentals, capitalizing on Watkins Glen's booming tourism. Watkins Glen is a vibrant tourist destination, attracting visitors year-round with its natural beauty, including Watkins Glen State Park and the Watkins Glen International racetrack. The town also offers wineries, breweries, and charming shops. This combined offering presents a unique opportunity to own a well-established restaurant and two income-generating properties in a thriving tourist market. The properties offer significant potential for both business growth and rental income, making this a compelling investment in a desirable location. The sale includes the established restaurant and two additional buildings, providing a diverse and potentially lucrative investment portfolio. This package presents a rare chance to become part of a thriving community known for its hospitality and tourism.

    Property Features for 107 11Th St

    General Information

    Property type
    Land

    HighLights

    • Thriving restaurant, Kookalarocs Bar and Grill, with seafood and local cuisine, located at 107 11th Street, Watkins Glen, NY.
    • $1,900,000 asking price includes two additional investment properties at 106 and 109 11th Street.
    • Adjacent properties ideal for short‑term or long‑term rentals.
    • Watkins Glen's strong tourism drives high rental demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kookalaroc's Bar and Grill Seafood Restaurant New Image Hair ... Hair Salon

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Watkins Glen
    County
    Schuyler
    State
    New York
    Longitude
    -76.8697764
    Latitude
    42.3751594

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      Operating bar and restaurant in Watkins Glen business district.
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    FAQs

    What type of property is this?
    Land - Restaurant & Two Income Properties
    Where is this land located?
    The property is located at 107 11Th St Watkins Glen, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Thriving restaurant, Kookalarocs Bar and Grill, with seafood and local cuisine, located at 107 11th Street, Watkins Glen, NY.; $1,900,000 asking price includes two additional investment properties at 106 and 109 11th Street.; Adjacent properties ideal for short-term or long-term rentals.
    Request Owner's contact information
    107 11Th St Watkins Glen, NY 14891
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    Watkins Glen, NY 14891
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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
    107 11Th St Watkins Glen, NY 14891
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