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10 Quaker Lk Rd Friendsville, PA 18818-8737

OFF-MARKET Turn key restaurants Google Maps
1.59 ac lot
Entity Owned 14-yr Hold ~ Est. High Equity
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US73-4874533

Property summary

AI-generated overview

This exceptional property, the Choconut Inn, presents a unique investment opportunity. Built in 1850, this historic building has a rich history, having served as a post office, stagecoach stop, and inn. Currently operating as a thriving restaurant and bar, it's renowned for its delicious food, including half-pound burgers, pizza, wings, and daily dinner specials. Its prime location at the corner of Quaker Lake Road and Route 267 in Friendsville, Pennsylvania, just minutes from the New York State border, ensures a steady stream of customers, including locals, Broome County residents, and tourists visiting nearby lakes. The restaurant and bar's success is further amplified by its 6,000 square foot entertainment venue, complete with a spacious 34-foot by 16-foot stage and ample indoor and outdoor seating, perfect for live music and events. Adding to the income potential is a 3,000 square foot inn located above the restaurant and bar, offering significant upside with some updating. This substantial property sits on a two-acre lot, providing ample space for expansion or outdoor amenities. The combination of a successful restaurant, entertainment venue, and inn potential makes this a truly remarkable commercial property with significant growth opportunities. Priced at $699,000, this is a rare chance to acquire a well-established business with a strong reputation and considerable future potential.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 1.59 ac (69,260 SF)
APN 024.04-1,010.00,000.
UPID US73-4874533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2011
2 recorded transactions
2018
Price N/A
2011
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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