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    OFF-MARKET
    Commercial real estate

    10832 Gloades Corners Rd, Prattsburgh, NY 14873

    6,000 SF 2 ac lot Built 2014
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • JB's Bar and Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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