Property profile

10832 Gloades Corners Rd Prattsburgh, NY 14873

OFF-MARKET
Commercial real estate
6,000 SF 2 ac lot Built 2014
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Property summary

AI-generated overview

This exceptional turnkey opportunity presents a profitable bar and grill with accompanying real estate in the picturesque Finger Lakes region of New York. Located at 10832 Gloades Corners Rd, Prattsburgh, NY 14873, this well-established business boasts 6,000 square feet of space, including a relaxing dining room and bar seating 120 patrons, and a spacious banquet hall accommodating up to 250 guests. The property sits on two acres of land and includes two buildings, both single-story structures built in 2014 and renovated in 2016. The fully operational kitchen is equipped with top-of-the-line appliances, including ovens, fryers, refrigerators, freezers, and a dishwasher, all included in the sale. The business enjoys a loyal year-round clientele and significant seasonal traffic, generating $18,000 in weekly sales while operating only five days a week. A large parking lot easily accommodates RVs, buses, and other large vehicles. Current licenses include a New York State liquor license and a lottery license. Financial details and a full inventory list are available upon request and execution of a non-disclosure agreement for qualified buyers. The asking price for this exceptional business and real estate is $950,000. An additional property, a 1512 sq ft, 2 bed, 2 bath manufactured home on 2.66 acres, is available for purchase separately or as a package deal for $1,150,000. This property, built in 2021, features a large deck overlooking a pond and offers convenient living quarters for the owner-operator. The business is being offered due to the owner's retirement.

Property profile

Verified
Property type Commercial real estate
Year built 2014
Total area 6,000 SF
Lot 2 ac (87,120 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

10832 Gloades Corners Rd Prattsburgh, NY 14873
Prattsburgh 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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