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    OFF-MARKET
    Turn key restaurants

    15 Perry Ave, Silver Springs, NY 14550

    1,122 SF 0.2 ac lot Built 1950
    Entity Owned Free & Clear
    Property ID
    US63-0572917
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Total area 1,122 SF
    Lot 0.2 ac (8,712 SF)
    Zoning code 07 - MIXED
    APN 563203 122.16-1-65
    UPID US63-0572917
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    On Pointe Dance LLC
    On Pointe Dance LLC
    since 2025
    Last sale
    $70,000
    3 recorded transactions
    2025
    $70,000
    2021
    2005
    $50,000
    Zoning & alternative use
    07 - MIXED · Silver Springs, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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