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Property profile

250 E Front St Hancock, NY 13783

Showrooms
Property ID
US63-Q018210
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Property summary

AI-generated overview

A unique opportunity set at one of the busiest intersections in Hancock, NY, this former car dealership has been converted to a one-of-a-kind restaurant and gallery. Operating as Uncle Brother for the last ten years, 250 E Front is a well known and highly visible space, ready for further creative vision. A full restaurant and bar occupy the front of the building and all equipment is being left for next owner. The restaurant opens on to a large courtyard perfect for outdoor dining and commerce. The rear of the space is a large open room that is currently set up as a gallery. Three garage doors, and large windows make for a light and bright space - perfect for use as a marketplace, studio, brewery, or continued use as a gallery. The walkout basement is enormous, perfect for storage, restaurant needs, and/or further use as creative space. It is currently in use as a ceramics studio. Being sold alongside 4 bedroom home (24921 NY-97) Additional Information: ParkingFeatures:4+ Car Attached, bikeScore: 34, Somewhat Bikeable walkScore: 49, Car-Dependent

Property profile

Verified
Property type Showrooms
UPID US63-Q018210

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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