Property profile

250 Front St Hancock, NY 13783

OFF-MARKET
Retail properties & Spaces
3,960 SF 0.13 ac lot
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Property summary

AI-generated overview

This exceptional 3,960 square foot retail property, situated on a 0.13-acre lot at a high-traffic intersection in Hancock, NY, presents a unique investment opportunity. Previously a car dealership, this building has been successfully repurposed as a restaurant and art gallery, operating as "Uncle Brother" for the past decade. The established business boasts high visibility and a loyal clientele. The main level features a fully equipped restaurant and bar, ready for immediate operation, opening onto a spacious courtyard ideal for outdoor seating and events. The rear of the building offers a large, open area currently used as a gallery, featuring three garage doors and ample windows, creating a bright and inviting space suitable for various uses, including a marketplace, studio, or brewery. A substantial walk-out basement, currently utilized as a ceramics studio, provides extensive storage and additional space for creative endeavors or restaurant support. The property includes attached parking for four or more vehicles. This versatile space is primed for a new owner to capitalize on its established presence and significant potential. The sale includes all existing restaurant and bar equipment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,960 SF
Lot 0.13 ac (5,663 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

250 Front St Hancock, NY 13783
Hancock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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