1424 Main St Sylvan Beach, NY 13157
- Turn key restaurants
- 6,135 SF
- 0.84 lot acres
Current Use by Public Records
- Captain John's Restaurant / Seafood Restaurant
Property Details for 1424 Main St
- Year built
- 1973
- Lot size
- 0.84 lot acres
- Property size
- 6,135 SF
- Zone code
- V
- Property type
- Turn key restaurants
- APN
- 306401 236.019-7-1
- APU
- 30640123601971
Description
This exceptional mixed-use property, located at 1424 Main St in Sylvan Beach, NY, presents a unique investment opportunity. The 6,135 square foot building, constructed in 1973, sits on a 0.84-acre lot and boasts a prime commercial zoning designation. Currently operating as the well-established Captain John's Restaurant, this two-story, two-unit building offers a turnkey operation with significant potential for continued success. The restaurant enjoys a strong reputation as a local favorite and tourist attraction, having served the community for 50 years. The ample paved parking lot ensures convenient access for patrons. The building is in excellent condition, requiring no immediate repairs or renovations, allowing a new owner to focus on operations and growth. Its location in the heart of Sylvan Beach, a thriving resort town on Oneida Lake, provides unparalleled access to a large customer base. The property's proximity to Utica and Syracuse further enhances its appeal. This is an ideal opportunity for an owner-user seeking a profitable business venture or an investor looking for a strong return on investment in a desirable location. The property's versatility allows for various uses, including continued operation as a restaurant, Airbnb rentals, or retail spaces. Don't miss this chance to own a piece of Sylvan Beach's rich history and vibrant future.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $285,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $290,000
- Mixed-Use
- $245,000
- Hospitality
- $255,000
- Educational
- $290,000
- Residential Income
- $315,000
- Energy
- $270,000
- Income-Based Land
- $330,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Sylvan Beach
- County
- Oneida
- State
- New York
- Longitude
- -75.7277
- Latitude
- 43.203
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA