Individually Owned 
For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Madrid market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
01 - NOT ZONED · Madrid, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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