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    OFF-MARKET
    Specialty properties

    2903 State Route 8, Speculator, NY 12164

    1,920 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 2903 State Route 8 in Speculator, NY, presents a unique opportunity for a restaurant or similar business. Situated on a high-traffic corner at the intersection of Route 8 and Route 30, this 1,920 square foot building boasts a spacious interior capable of seating up to 62 patrons. The layout includes a large dining room, a walk-in area, and a counter space, providing ample room for both customer seating and operational needs. The property also offers outdoor space for additional seating, taking advantage of the picturesque Adirondack setting. The building sits on a 9,148 square foot lot. While the building requires some repairs and updates to its mechanical systems and appliances, these needs can be potentially incorporated into the lease terms, offering flexibility for prospective tenants. This property is ideally suited for a family-owned business looking to expand in the charming village of Speculator. Lease terms are negotiable. The property is located in Hamilton County, New York, zip code 12164. This location has a history of successful restaurant operations.

    Property profile
    Verified
    Property type Specialty properties
    Total area 1,920 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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