60 Main StAlmond, NY 14804

Property Details for 60 Main St

Year built

1890

Lot size

3.45 AC

Property size (Sq ft)

7,190 SF

Zone code

C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

022601 126.7-2-38

APU

226011267238

Description

This exceptional commercial property located at 60 Main Street in Almond, NY, presents a unique investment opportunity. The 7,190 square foot building sits on a 3.45-acre lot and houses a well-established, second-generation restaurant and bar, Muhleisen's. This turnkey operation is fully equipped and ready for immediate operation, making it ideal for an aspiring restaurateur or an established business seeking expansion. All existing equipment is included in the sale, minimizing upfront investment and allowing for a seamless transition. The substantial size of the building offers significant potential for growth and expansion of the existing business. Beyond the ground floor commercial space, a second-floor area provides an additional opportunity to generate rental income, further enhancing the property's profitability. The building's prime Main Street location ensures high visibility and accessibility, benefiting from established customer traffic. The asking price is $199,900, and the owner is open to considering all reasonable offers. This is a rare chance to acquire a thriving business with significant upside potential in a desirable location. Don't miss this opportunity to own a piece of Almond's vibrant commercial landscape. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,810,465

  6.5%

  $1,671,199

  7%

  $1,551,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,694,326

  Geo Method

  $1,139,854

• Alternative Use

  Use

  Valuation

  Residential

  $1,409,719

  Hospitality

  $1,291,295

  Educational

  $1,074,342

  Medical

  $1,111,290

  Retail

  $1,671,199

Location Insight

City

Almond

County

Allegany

State

New York

Latitude

42.3188

Longitude

-77.7382

Property Tax & Assessments

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