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Property profile & analytics
OFF-MARKET
Turn key restaurants

107 11th St Watkins Glen, NY 14891-1532

4,578 SF 0.23 ac lot Built 2021
Entity Owned 5-yr Hold Free & Clear
Property ID
US63-2329153
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kookalaroc's Bar and Grill Restaurant
  • New Image Hair Salon Hair Salon
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
Lorraine Properties LLC · 5 yrs held
Lorraine Properties LLC
since 2021
3 recorded transactions
2021
Price N/A
2019
Price N/A
2014
Price N/A
Zoning & alternative use
NA · Watkins Glen, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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