2903 State Route 8, Speculator, NY 12164
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.