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    OFF-MARKET
    Bars & Pubs

    363 Seneca Tpke, Syracuse, NY 13207-2642

    1,511 SF 0.12 ac lot Built 1940
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US63-3062523
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1940
    Total area 1,511 SF
    Lot 0.12 ac (5,100 SF)
    Zoning code 10
    APN 311500 069.-06-02.0
    UPID US63-3062523
    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
    Current use
    Occupant on record · Public records
    • Bank of Onondaga Bank Loan Service
    • The Night Drop Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    The Valley Duke LLC · 10 yrs held
    The Valley Duke LLC
    since 2016
    Last sale
    $235,000
    1 recorded transaction
    2016
    $70,000
    Zoning & alternative use
    10 · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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