200 Otsego St Ilion, NY 13357
Own a piece of Ilion history with this iconic restaurant building, known locally as "The Flat Iron," located at 200 Otsego St, Ilion, NY 13357. This established property, previously operating as a pizzeria, offers versatile commercial space ideal for various restaurant concepts or other businesses. The asking price is $105,000. The building includes a main floor commercial space and a second floor that could be used as an apartment or additional dining area. Four parking spaces are located at the rear of the building. Some kitchen equipment may be available for negotiation separately from the building sale. A lease option is also available at $850 per month. This property presents a unique opportunity to acquire a well-known building in a historic New York village, offering high visibility and established community presence. The building's prime location and history make it an attractive investment for entrepreneurs seeking a turn-key operation or a blank canvas for their business vision. Don't miss this chance to own a piece of Ilion's heritage.
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Flat Iron Pizza Restaurant
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.