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    OFF-MARKET
    Banks

    11 Main St, Hancock, NY 13783-1106

    0.06 ac lot
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US63-1943931
    Property summary
    AI-generated overview

    This fully equipped restaurant space, located at 11 West Main Street in Hancock, NY, presents a fantastic opportunity for a new or expanding food service business. The 2,000-square-foot space is situated in a high-traffic area, directly across from Tops supermarket, ensuring excellent visibility and customer access. Recently renovated, the restaurant is nearly ready for immediate occupancy, with only the bar area requiring final completion by the landlord. The space comfortably seats approximately 50 patrons. The lease is $1,500 per month, plus utilities, with the landlord covering basic sewer and water charges. All existing restaurant equipment is included for tenant use, although the tenant is responsible for all maintenance and repairs. For added security, off-site fire and burglar alarm monitoring is in place. Convenient off-site parking is also available for patrons. This turnkey operation offers a significant advantage for prospective restaurant owners, minimizing upfront investment and maximizing operational efficiency. The prime location and attractive lease terms make this a truly exceptional opportunity.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Lot 0.06 ac (2,614 SF)
    Zoning code R1
    APN 123601 429.13-2-32
    UPID US63-1943931
    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
    • Hancock Community Education Charitable Organization Social Service Agency
    • NBT Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Point Mountain Partners · 7 yrs held
    Point Mountain Partners
    since 2019
    1 recorded transaction
    2019
    $76,450
    Zoning & alternative use
    R1 · Hancock, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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