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8955 Swamp Rd Waterville, NY 13480

Sponsored
For Sale
$269,000

Turnkey operation, high NOI, great potential.

Property size:
6,916 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This established mixed-use property in Waterville, NY, presents a unique investment opportunity. Located at 8955 Swamp Rd, this 1.36-acre site boasts a 6,916 sq ft main building and three additional outbuildings, all situated on a 1.36-acre lot with ample parking (40 spaces). Currently operating at 100% occupancy as a convenience store, gas station (2 pumps), and restaurant, this turnkey business offers a substantial net operating income (NOI) of $90,000, resulting in a compelling 33.46% cap rate at an asking price of $269,000 ($38.90/sq ft). The property features a 40+ seat restaurant with multiple walk-in coolers, dry storage rooms, a deli counter, and office space. Additional amenities include two-story garage bays, a loading dock, above-ground fuel tanks, three-phase power, and truck scales. Built in 1939 with renovations in the 1970s, the property is zoned commercial and offers significant expansion potential for the existing businesses or the addition of new ventures. The hardwood floors are suitable for dancing and live entertainment, making it an attractive venue for weddings or other events. Its proximity to snowmobile and horse trails, and an active railroad line, presents further income-generating possibilities. The property is sold "as is". This is a rare opportunity to acquire a well-established, multi-faceted business with significant upside potential in a desirable location.

Property Features for 8955 Swamp Rd

General Information

Property type
Restaurants
Square Feet
6,916 SF
Lot Size
59,242 SF

Building Details

Year Built/Renovated
1939/1970
Buildings
4
Stories
2

HighLights

  • Excellent location for a microbrewery, restaurant, or event venue.
  • Hardwood floors ideal for dancing and live entertainment.
  • Scenic setting suitable for weddings and outdoor events.
  • Prime location near snowmobile trails.
  • Adjacent to an operating railroad, offering potential development opportunities.
  • Currently operates year‑round as a multi‑business complex.
Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Restaurant Hotel & Motel Bed & Breakfast Diner

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

Location Insight

  • Map
  • Local Demand
City
Waterville
County
Madison
State
New York
Longitude
-75.407993925439
Latitude
42.853275030247

FAQs

What type of property is this?
Restaurant - Turnkey operation, high NOI, great potential.
Where is this restaurant located?
The property is located at 8955 Swamp Rd Waterville, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Excellent location for a microbrewery, restaurant, or event venue.; Hardwood floors ideal for dancing and live entertainment.; Scenic setting suitable for weddings and outdoor events.
More about this property
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