94 Co Rd Hankins, NY 12741
This exceptional turnkey restaurant and tavern, located at 553 County Road 94 in Hankins, NY, presents a unique investment opportunity. The 4,440 square foot building, constructed in 1908 and renovated in 2003, boasts a desirable corner lot location just off State Route 97, providing easy access to major roadways. The property includes a spacious, updated bar and restaurant area with a modern kitchen and appliances, two restrooms, and an enclosed porch. The layout is open and inviting, perfect for creating a lively atmosphere. A large backyard offers potential for outdoor dining and entertainment, while a separate barn provides ample storage space. Above the commercial space is a substantial three-bedroom, one-and-a-half-bathroom apartment complete with a kitchen and formal dining area. A large, unfinished attic offers expansion possibilities. The property sits on a 0.273-acre lot and includes 15 parking spaces. The building is zoned RR and has a Class B designation. This established business benefits from high foot traffic and a strong local following, making it an ideal investment for an experienced restaurateur or a savvy investor seeking a profitable venture in a thriving community. The asking price is $599,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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