32 Chenango AveClinton, NY 13323

Property Details for 32 Chenango Ave

Year built

1980

Lot size

0.19 AC

Property size (Sq ft)

1,500 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

304001 337.018-2-35.2

APU

3040013370182352

Description

This exceptional 3,000 square foot commercial building, situated on a 0.19-acre lot at 32 Chenango Ave in Clinton, NY, presents a remarkable investment opportunity. Boasting a prime location with high traffic volume, particularly during lunchtime due to its proximity to a school, this property offers unparalleled visibility and accessibility. Currently configured as a pizzeria and a retail space (bakery not included), the building is completely renovated inside and out, featuring brand new mechanical systems. The interior includes a full basement equipped with a bathroom, office, a 7x10 walk-in cooler, a prep area, a lounge, a kitchen, and a three-bay sink. All existing equipment, valued at $75,000, is included in the sale price of $349,000, but offers can be made with or without the equipment. New equipment installed in 2021 includes Marshall ovens, a new compressor for the walk-in cooler, and a spiral mixer. Ample parking is available, making this an ideal location for a variety of businesses, including, but not limited to, a diner or restaurant. Don't miss this chance to acquire a thriving commercial property in a high-demand area. The asking price is $349,000.

• CAP approach

  CAP return

  Valuation

  6%

  $547,756

  6.5%

  $505,621

  7%

  $469,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $497,215

  Geo Method

  $493,895

• Alternative Use

  Use

  Valuation

  Residential

  $426,510

  Hospitality

  $390,681

  Educational

  $325,042

  Medical

  $336,221

  Retail

  $505,621

Location Insight

City

Clinton

County

Oneida

State

New York

Latitude

43.0491

Longitude

-75.3812

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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