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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

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    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.
    Request Owner's contact information
    8955 Swamp Rd Waterville, NY 13480
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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
    8955 Swamp Rd Waterville, NY 13480
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