Property summary
This exceptional restaurant opportunity in West Oneonta, NY, presents a turnkey operation ideally situated on a major road near a tourist attraction. The property boasts a 4,800 square foot free-standing building situated on a generous 3-acre lot, offering ample space for both indoor and outdoor operations. Currently operating at 100% occupancy, this single-tenancy establishment is priced at $795,000, translating to $165.62 per square foot. The building's prime location ensures high visibility and accessibility, making it an attractive destination for both locals and tourists. The substantial lot size provides significant potential for expansion or future development. This is a rare chance to acquire a well-established, profitable restaurant in a thriving college town setting. The property is located at 2957 NY-23, West Oneonta, NY 13861, in Otsego County. The building's 4,800 square feet provides ample space for dining, kitchen operations, and storage. The property's location on a major road and proximity to a tourist attraction guarantees a steady stream of potential customers. This is an excellent investment opportunity for an experienced restaurateur looking to expand their business or for a new entrepreneur seeking a ready-made operation in a desirable location. The asking price reflects the property's strong potential for continued success and growth.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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