Property profile

11770 Obrien Rd Forestport, NY 13338

OFF-MARKET
Turn key restaurants
Property ID
US63-4296492
3,820 SF 1.84 ac lot Built 1970
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Forestport, NY, presents a rare chance to acquire a well-established and profitable business. Located at 11770 Obrien Rd, this 3,820 square foot property sits on a 1.84-acre lot and boasts a rich history, having operated successfully since 1948. Currently specializing in steak, seafood, and Italian cuisine, the restaurant has a loyal following of both locals and tourists. The spacious dining area comfortably seats 170 guests, complemented by a 10-seat bar and a private room ideal for banquets or parties (up to 40 guests). A fully equipped kitchen features propane appliances, an electric dishwasher, and pizza ovens. The property includes two drilled wells and a 10-year-old septic system. Recent improvements include a new walk-in cooler, business office, storage space, and a living area – perfect for an owner-operator. All equipment is included in the sale price of $225,000. This is a remarkable opportunity to own a thriving restaurant with a proven track record and significant growth potential. The restaurant is open year-round, serving the local community and seasonal visitors. The sturdy original seating and newly refurbished booths enhance the dining experience.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 3,820 SF
Lot 1.84 ac (80,150 SF)
Zoning code 01 - NOT ZONED
APN 303800 67.002-1-35
UPID US63-4296492

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

Location

11770 Obrien Rd Forestport, NY 13338-2110
Forestport metro Census 24101 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2020
Price N/A
1969
Price N/A

Zoning & alternative use

01 - NOT ZONED · Forestport, 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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