3512 Cr 14, Madrid, NY 13660
For Sale
1 / 48
This exceptional turnkey opportunity presents the Ole Smokehouse Restaurant, a well-established BBQ establishment in Madrid, NY. Located on a spacious 1.33-acre corner lot, the property boasts a 2,832 square foot building and ample parking for 50+ vehicles. The restaurant itself features a large dining room with waiting area, a smaller back room with additional seating, a server workstation, and a bar area with high-top tables. The building has been meticulously maintained over the past 16 years, with significant updates to all major mechanical systems, fixtures, and equipment. A key feature is a recently added 40x60 foot covered outdoor event building, complete with a bar, lighting, concrete flooring, and all necessary supplies for hosting large events such as weddings, birthdays, or graduations. This versatile space significantly enhances the property's income potential. The sale includes the land, building, established business, inventory, and all equipment – a truly turnkey operation. This presents a rare chance to acquire a thriving business with significant growth potential, either by continuing the successful BBQ restaurant operation or by implementing your own creative vision. The property's combination of a popular restaurant and a large, well-equipped event space offers a unique and lucrative investment opportunity.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
01 - NOT ZONED · Madrid, NYMadrid. 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.