15 Perry Ave, Silver Springs, NY 14550
This turnkey bar and restaurant, Looney's Bar N Grill, presents a fantastic business opportunity in Silver Springs, NY. Located at 15 E Perry Ave, this 1,122 square foot, single-story building is priced at $115,000 ($102.50/sq ft). The property boasts numerous recent improvements, including a new roof (2019), remodeled bathrooms, new flooring, lighting, and paint throughout. Kitchen upgrades include a new gas line, sink, commercial faucet, and deep chest freezer in the basement. The bar area has been refurbished, with materials available to complete the bar itself. A walk-in cooler, bar coolers with recently inspected compressors, and an ice machine are included. The sale also includes a 16 E Perry Ave parking area across the street (taxes reflect both properties). Additional features include a new 36-inch kitchen door, new outlets, refurbished tables with custom food-grade wraps, a stained outdoor deck, and new ceiling fans on the deck. A touch bistro system (requiring iPad minis) is also included. The property utilizes village water and municipal electric. The front door will be replaced prior to closing. The property is being sold "As Is, Where Is," with cash or owner financing possible. This prime location is minutes from Silver Lake community and Letchworth State Park, offering significant potential for growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
07 - MIXED · Silver Springs, NYSilver Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.