10 Quaker Lk Rd Friendsville, PA 18818-8737
- Turn key restaurants
- 1.59 lot acres
Current Use by Public Records
- Choconut Inn / Bar / Restaurant
Property Details for 10 Quaker Lk Rd
- Lot size
- 1.59 lot acres
- Property type
- Turn key restaurants
- APN
- 024.04-1,010.00,000.
- APU
- 2404101000000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $190,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $210,000
- Mixed-Use
- $195,000
- Hospitality
- $190,000
- Educational
- $220,000
- Residential Income
- $205,000
- Energy
- $205,000
- Income-Based Land
- $175,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Friendsville
- County
- Susquehanna
- State
- Pennsylvania
- Longitude
- -75.9998
- Latitude
- 41.9784