363 Seneca Tpke, Syracuse, NY 13207-2642
This exceptional turnkey bar opportunity presents a rare chance to acquire a thriving business in Syracuse, NY's vibrant downtown. Located within the historic Bank of Onondaga building at 363 W Seneca Tpke, this 3,022 square foot establishment boasts a rich history of success, having operated as The Night Drop for the past nine years, and previously as The Remedy for forty years. This impressive 50+ year track record speaks volumes about the location's enduring appeal. The property sits on a 0.12-acre lot and is offered at $259,000. Significant recent improvements enhance both functionality and longevity. These include a complete overhaul of the electrical and plumbing systems, a new furnace, air conditioning unit, and a fully updated HVAC vent system. Half of the roof has been recently replaced, ensuring long-term structural integrity. Security is a key feature, with a robust hardwired and wireless 5-camera surveillance system in place. The sale includes all necessary equipment for immediate operation, eliminating the need for costly upfront investments. This comprehensive inventory includes an ice machine, bar coolers, a 4-keg kegerator, television, ATM, dart machine, pool table, jukebox, game machine, and a public address system. This is a low-cost entry point into the lucrative nightlife industry, offering a unique blend of classic charm and modern amenities. Don't miss this opportunity to own a piece of Syracuse history with a proven track record and a bright future.
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Bank of Onondaga Bank Loan Service
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The Night Drop Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
10 · Syracuse, NYSyracuse. 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.