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Property profile

15903 State Hwy 23 Davenport, NY 13750

OFF-MARKET
Bars & Pubs
Property ID
US63-2932160
View Sample
2,690 SF 0.33 ac lot Built 1945
Entity Owned 1-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional turnkey restaurant located at 15903 State Highway 23, Davenport, NY, presents a unique investment opportunity. Boasting 3,075 square feet on a 0.64-acre lot, this property is fully equipped and ready for immediate operation. Its history as a popular local establishment, complete with a large stage area perfect for live entertainment, guarantees a built-in customer base and high visibility. Previously hosting successful pool and dart leagues, the property has a proven track record of attracting regular patrons. The versatile layout extends beyond its current use as a restaurant, offering endless possibilities for a variety of commercial ventures. Imagine transforming this space into a retail store, café, bakery, or office space – the options are truly limitless. The spacious interior, combined with the existing stage and recreational areas, provides unique opportunities for hosting events or creating a vibrant community hub. Ample parking is available, ensuring convenient access for customers and employees. Priced at $249,900, this well-maintained property represents a prime choice for your next business venture. Don't miss this chance to acquire a thriving commercial space in a desirable location. The property's established reputation and versatile design make it an ideal investment for entrepreneurs seeking a ready-to-go business or a blank canvas for their next big idea.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1945
Total area 2,690 SF
Lot 0.33 ac (14,375 SF)
APN 122600 16.1-3-20
UPID US63-2932160

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2025
5 recorded transactions
2025
$205,000
2012
$125,000
2009
$136,830
2007
Price N/A
2006
$175,000

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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