Property summary
This exceptional investment opportunity presents a well-established restaurant in Portville, NY, situated on a 1.05-acre lot. Priced at $299,900, the property boasts 928 square feet of commercial space, including a small interior dining area and an outdoor picnic area. All restaurant equipment and furniture are included in the sale, ensuring a seamless transition for the new owner. Ample parking is available on-site, along with a separate storage building for added convenience. The property's significant acreage also includes a mobile home, currently generating additional rental income. The existing mobile home tenant holds a life-use lease with a monthly rental payment. The current owner is retiring due to health concerns but is willing to provide short-term assistance during the transition to ensure a smooth handover. Detailed financial information is available upon request for qualified buyers. This turnkey operation offers a unique chance to acquire a thriving business with significant potential for growth within a strong community. The combination of the established restaurant, additional rental income from the mobile home, and ample land makes this a truly compelling investment prospect.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
CON · Portville, NYZoning
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Zoning designation
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