Property profile

1180 Us-11 Gouverneur, NY 13642

OFF-MARKET
Retail properties & Spaces
5,174 SF 2.8 ac lot
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Property summary

AI-generated overview

This turnkey family restaurant in Gouverneur, NY, presents a unique redevelopment opportunity. Located on a high-traffic section of US-11 (Highway 11), at 1180 US-11, this property boasts a substantial 5,174 square feet across two buildings situated on a 2.8-acre lot. The property includes ample parking for 90 vehicles, ensuring convenient access for patrons. The restaurant is currently operating and features a Class A designation, reflecting its high-quality construction and amenities. The sale includes fee ownership of the land and buildings, offering complete control and potential for future expansion. With a permitted commercial zoning designation, various redevelopment options are available. The asking price is $699,000, and the property is available for occupancy on October 31, 2024. This is an exceptional opportunity for an investor seeking a well-established, profitable business with significant growth potential in a prime location within St. Lawrence County. The property's size and location make it ideal for expansion or adaptation to meet evolving market demands. Don't miss this chance to acquire a thriving business with a strong foundation for future success.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,174 SF
Lot 2.8 ac (121,968 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1180 Us-11 Gouverneur, NY 13642
Gouverneur metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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