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Property profile & analytics
FOR SALE
Drive through restaurants

102 Pearl St Malone, NY 12953

540 SF 0.27 ac lot Built 2009
Individually Owned 16-yr Hold Free & Clear
Property ID
US63-0897096
Property summary
AI-generated overview

This exceptional Malone, NY business opportunity encompasses a thriving seasonal restaurant and gift shop, ideally situated on a 0.55-acre lot at 102 Pearl Street, Unit 102. The main structure, totaling 1,116 square feet, currently operates as a popular hot dog and burger stand with outdoor seating directly overlooking the Salmon River. The charming ambiance attracts a steady stream of customers throughout the warmer months. A secondary building functions as a well-established gift shop, extending the business's revenue stream beyond the peak restaurant season. The gift shop remains open until Christmas, offering a limited menu and maintaining a consistent customer base. The sale includes all existing equipment and fixtures, making this a truly turnkey operation. The property's prime riverfront location and established customer base provide a solid foundation for continued success. This is an excellent opportunity for an entrepreneur seeking a profitable, established business with significant growth potential. The seller is offering a complete and ready-to-operate business, eliminating the need for extensive start-up costs and allowing for immediate revenue generation. The 0.55-acre lot offers ample space for potential expansion or outdoor improvements. This unique combination of restaurant and retail presents a rare opportunity in the vibrant Village of Malone. The business closes its hot dog and burger operations on October 14th each year.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2009
Total area 540 SF
Lot 0.27 ac (11,761 SF)
Zoning code 01 - NOT ZONED
APN 164801 112.41-7-7
UPID US63-0897096
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Linda & Mikes Ice Cream Stand and Gift Shop Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael Tatro · 16 yrs held
Michael Tatro
since 2009
1 recorded transaction
2009
$5,000
Zoning & alternative use
01 - NOT ZONED · Malone, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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