Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    250 Front St Hancock, NY 13783
    Back to Search
    Property profile & analytics

    250 Front St Hancock, NY 13783

    View on Map
    • Retail properties & Spaces
    • 3,960 SF
    • 0.13 lot acres
    For Sale
    $350,000
    View Listing →
    Hancock Retail Space: Prime Location For Sale
    $350,000
    3,960 SF

    Hancock Retail Space: Prime Location

    Restaurant/Gallery, High Visibility, Huge Potential

    Hales Eddy, NY 13783
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Unclebrother / Restaurant

    Property Details for 250 Front St

    Lot size
    0.13 lot acres
    Property size
    3,960 SF
    Property type
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hancock
    County
    Delaware County
    State
    New York
    Longitude
    -75.277
    Latitude
    41.9537

    Comparable in this City

    • Value Estimation by Request
      2.40 Acres

      Main St

      GAS STATION • 2.40 Acres
      Main St, Hancock, NY 13783
      View Details
    • Value Estimation by Request
      1.80 Acres

      1889 State Hwy 268

      GAS STATION • 1.80 Acres
      1889 State Hwy 268, Hancock, NY 13783-3633
      View Details
    • Value Estimation by Request
      1,040 SF

      23585 State Hwy 97

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,040 SF
      23585 State Hwy 97, Hancock, NY 13783
      View Details
    • Value Estimation by Request
      0.13 Acres

      67 Wheeler St

      CAR WASH • 0.13 Acres
      67 Wheeler St, Hancock, NY 13783
      View Details
    • Value Estimation by Request
      0.20 Acres

      50 Main St, Unit 1

      RESTAURANT • 0.20 Acres
      50 Main St, Hancock, NY 13783-1024
      View Details
    • Value Estimation by Request
      2,220 SF

      369 Frnt St

      RESTAURANT • 2,220 SF
      369 Frnt St, Hancock, NY 13783-1170
      View Details

    Similar Nearby for Sale

    • $350,000
      3,960 SF

      Hancock Retail Space: Prime Location

      Restaurant/Gallery, High Visibility, Huge Potential
      250 Front St, Hancock, NY 13783
      View Details
    • $600,000
      4,000 SF

      Riverfront Commercial Property in Hancock

      Commercially zoned building on 1.7 acres along the Delaware River.
      41 Pennsylvania Ave, Hancock, NY 13783
      View Details
    • $225,000

      Hancock Restaurant and Gallery Space

      Unique restaurant and gallery space in a high-traffic location.
      250 E Front St, Hancock, NY 13783
      View Details
    • $279,000
      3.53 Acres

      Mixed-Use Property with Development Potential

      Mixed-use property on 3.5 acres with development potential.
      19 Trestle Rd, Hancock, NY 13783
      View Details
    • $69,000
      14.70 Acres

      Hawk Mountain Vacant Land

      14-acre wooded parcel with mature timber and mountain views.
      Hardwood Ln, Hancock, NY 13783
      View Details
    • $249,000
      2.04 Acres

      Delaware River Waterfront Vacant Land

      2.04 acre vacant lot on the West Branch Delaware River.
      West Br Angler Way, Hancock, NY 13783
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    250 Front St
    Hancock, NY 13783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    250 Front St, Hancock, NY, 13783
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!