Property profile

13854 State Route 28 Forestport, NY 13338

OFF-MARKET
Retail properties & Spaces
3,200 SF
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Property summary

AI-generated overview

Exceptional investment opportunity in Forestport, NY, featuring a 3,200 square foot retail building situated on a 50,529 square foot lot with 350+ feet of road frontage on State Route 28. This established grocery store enjoys a strategic location, serving Otter Lake and attracting significant traffic traveling north towards Old Forge and beyond, as well as south to Alder Creek. Its convenient location makes it a popular stop for snowmobilers, capitalizing on both summer and winter recreational activities in this resort community. The property includes two 6,000-gallon canopy-covered gas tanks, an 8' x 24' walk-in cooler, an office, a storeroom, and a 30' x 40' finished garage. Additional features include groomed snowmobile trails, a drilled well, and propane heat. A 1-bedroom, 1-bathroom house on the premises offers living room and dining room space, though it lacks a basement and shares a well and septic system with the store. The property is located 15 miles north of Forestport and 10 miles south of Old Forge, offering easy access to a thriving tourist destination. This turnkey business presents a rare chance to own a well-established commercial property in a high-demand recreational area. Asking price: $750,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13854 State Route 28 Forestport, NY 13338
Forestport metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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