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    OFF-MARKET
    Retail properties & Spaces

    1180 Us-11, Gouverneur, NY 13642

    5,174 SF 2.8 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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