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    FOR SALE
    Turn key restaurants

    3512 Cr 14, Madrid, NY 13660

    1,656 SF 1.33 ac lot Built 1950
    Individually Owned 18-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-0184388
    Property summary
    AI-generated overview

    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
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Total area 1,656 SF
    Lot 1.33 ac (57,935 SF)
    Zoning code 01 - NOT ZONED
    APN 405600 52.021-1-16.11
    UPID US63-0184388
    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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    Blend (final) Blend
    by Request
    Owner & transaction history
    Stephen Barkley · 18 yrs held
    Stephen Barkley
    since 2007
    3 recorded transactions
    2007
    2006
    $16,500
    2005
    $46,821
    Zoning & alternative use
    01 - NOT ZONED · Madrid, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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