Technical
Financial
Distress signals
Property profile

107 11th St Watkins Glen, NY 14891

OFF-MARKET
Turn key restaurants
Property ID
US63-2329153
4,578 SF 0.23 ac lot Built 2021
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2021
Total area 4,578 SF
Lot 0.23 ac (10,019 SF)
Zoning code NA
APN 442401 65.17-6-20
UPID US63-2329153

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
  • Restaurant
  • Hair Salon

Location

107 11th St Watkins Glen, NY 14891-1532
Watkins Glen metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2019
Price N/A
2014
Price N/A

Zoning & alternative use

NA · Watkins Glen, NY

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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