Property profile

365 Harry L Dr Johnson City, NY 13790

OFF-MARKET
Strip malls
Property ID
US63-0174970
15,650 SF 3.53 ac lot Built 1980
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This thriving pizzeria, "Pizza on the Plaza," is a fantastic opportunity for an owner-operator or expansion-minded food truck business. Located at 365 Harry L Dr, Johnson City, NY 13790, this 1,950 square foot restaurant boasts 70 seats and a full bar. The property is situated in a busy plaza with a loyal customer base exceeding 30 years, benefiting from high traffic due to its proximity to a hospital, school athletic fields, and a university. The current lease is a net lease with 1.5 years remaining, and new lease options are available at comparable terms. The current base rent is a very reasonable $1975. The business has earned a reputation as a top 10 pizza establishment in the greater Binghamton area. Ample parking is available with 100 spaces in the plaza. This presents a unique opportunity to acquire a well-established restaurant with significant growth potential in a prime location. The business is being offered at $89,900. The relatively small seating capacity (70 seats) allows for efficient staffing and operational management.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Total area 15,650 SF
Lot 3.53 ac (153,767 SF)
Zoning code USF
APN 034603 143.06-1-3
UPID US63-0174970

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Insurance Agency
  • Real Estate Agency
  • Hair Salon Nail Salon
  • Hair Salon

Location

365 Harry L Dr Johnson City, NY 13790-1471
Johnson City metro Census 14200 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2006
4 recorded transactions
2019
Price N/A
2006
$900,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

USF · Johnson City, NY
Zoning description

USF District is established to maintain the character and lifestyle offered by these single-family neighborhoods. The USF District is intended for areas with access to public water and sanitary sewer service. C. Suburban…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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