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    OFF-MARKET
    Bars & Pubs

    15903 State Rte 30, Constable, NY 12926-2829

    0.33 ac lot
    Individually Owned 16-yr Hold Free & Clear
    Property ID
    US63-0935385
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents the Constable Pub, a well-established business operating for over 60 years at 15903 State Route 30, Constable, NY. The 3,500 square foot building sits on a 0.33-acre lot and offers a unique blend of commercial and residential income streams. The pub itself has undergone significant improvements in recent years, including a new metal roof and siding installed within the last decade. The kitchen was fully updated and brought into code compliance in 2009, ensuring smooth operations. A complete remodel of the interior restaurant and bar areas was completed in 2011, enhancing the overall aesthetic and functionality of the space. Adding to the property's appeal are two residential units located on the second floor: a one-bedroom studio and a two-bedroom apartment, generating a combined monthly rental income of $900. This turnkey operation presents a rare chance to acquire a profitable business with immediate cash flow potential and significant upside. The property's prime location on State Route 30 ensures high visibility and accessibility for patrons. This is an ideal opportunity for an entrepreneur seeking a well-established business with additional rental income, or an investor looking for a strong return on investment in a thriving community. The asking price is $190,000.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Lot 0.33 ac (14,375 SF)
    APN 163600 56.1-1-17
    UPID US63-0935385
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    David Rockhill · 16 yrs held
    David Rockhill
    since 2009
    1 recorded transaction
    2009
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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