107 11Th St Watkins Glen, NY 14891
- Turn key restaurants
- 4,578 SF
- 0.23 lot acres
Current Use by Public Records
- Kookalaroc's Bar and Grill / Seafood Restaurant / Bar
- New Image Hair Salon / Hair Salon
Property Details for 107 11Th St
- Year built
- 2021
- Lot size
- 0.23 lot acres
- Property size
- 4,578 SF
- Zone code
- NA
- Property type
- Turn key restaurants
- APN
- 442401 65.17-6-20
- APU
- 4424016517620
Description
This exceptional investment opportunity in Watkins Glen, NY, presents a thriving restaurant, Kookalarocs Bar and Grill, known for its seafood and local cuisine, situated at 107 11th Street. The restaurant boasts a charming rustic setting, modern amenities, and a spacious outdoor terrace. Included in this $1,900,000 offering are two additional investment properties located at 106 and 109 11th Street, adjacent to the restaurant. These properties are ideally suited for short-term or long-term rentals, capitalizing on Watkins Glen's booming tourism. Watkins Glen is a vibrant tourist destination, attracting visitors year-round with its natural beauty, including Watkins Glen State Park and the Watkins Glen International racetrack. The town also offers wineries, breweries, and charming shops. This combined offering presents a unique opportunity to own a well-established restaurant and two income-generating properties in a thriving tourist market. The properties offer significant potential for both business growth and rental income, making this a compelling investment in a desirable location. The sale includes the established restaurant and two additional buildings, providing a diverse and potentially lucrative investment portfolio. This package presents a rare chance to become part of a thriving community known for its hospitality and tourism.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $405,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $445,000
- Mixed-Use
- $355,000
- Hospitality
- $360,000
- Educational
- $405,000
- Residential Income
- $340,000
- Energy
- $430,000
- Income-Based Land
- $325,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Watkins Glen
- County
- Schuyler
- State
- New York
- Longitude
- -76.8698
- Latitude
- 42.3751
