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Property profile & analytics
OFF-MARKET
Turn key restaurants

1121 Un St Newark, NY 14513-9201

6,250 SF 1.56 ac lot Built 1996
Individually Owned Free & Clear
Property ID
US63-3805378
Property summary
AI-generated overview

This exceptional turnkey opportunity presents a fully operational 182-seat restaurant situated in Newark, NY, on a 1.56-acre lot. The property boasts a spacious dining area ideal for large gatherings and consistent daily business. The fully equipped kitchen includes a new walk-in freezer and all necessary appliances, ready for immediate use. A recently repaved parking lot ensures ample customer parking. The restaurant enjoys a prime location on State Route 31 and benefits from an established reputation within the community. Beyond the restaurant, the property includes a three-bedroom apartment on the second floor, perfect for owner occupancy or generating rental income. A large garage provides valuable storage space or additional operational capacity. All equipment, furnishings, and fixtures are included in the sale price of $950,000, making this a truly turnkey operation. The 7,370 square foot building offers a rare chance to acquire a thriving restaurant with significant additional income potential. This is an exceptional investment opportunity in a desirable location. Don't miss this chance to own a well-established business with immediate income potential and significant upside.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1996
Total area 6,250 SF
Lot 1.56 ac (67,954 SF)
Zoning code B3
APN 542001 68110-08-861990
UPID US63-3805378
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
  • CrossPark Family Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
IOANNIS BABASIDIS
IOANNIS BABASIDIS
Zoning & alternative use
B3 · Newark, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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