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    OFF-MARKET
    Retail properties & Spaces

    13854 State Route 28, Forestport, NY 13338

    3,200 SF
    Property ID
    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
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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