Property profile

3748 Vestal E Pkwy Vestal, NY 13850

OFF-MARKET
Investment properties
Property ID
US63-3349095
2,713 SF 0.35 ac lot Built 1965
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This turnkey Mediterranean restaurant, Basha's Lebanese Grill, presents a lucrative investment opportunity. Located at 3748 Vestal Parkway East in Vestal, New York, 13850, this Class B property boasts a prime location on a high-traffic artery, with an estimated 25,000 cars passing daily. The 2,000 square foot space comfortably seats 50 patrons and currently generates weekly sales averaging $11,000. The restaurant enjoys a strong reputation for its food and a loyal customer base, consistently delivering a net profit exceeding $150,000 annually. A five-year lease remains, expiring September 14, 2028, with a current all-inclusive monthly rent of $6,985. This established business is offered at $350,000 and is adaptable to various culinary concepts, making it an exceptional opportunity for a seasoned restaurateur or a new entrepreneur seeking a proven, profitable venture. The business is currently operating as a Lebanese restaurant, but its versatile layout and established clientele make it suitable for a wide range of food service operations. This is a single-tenancy property in Broome County.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 2,713 SF
Lot 0.35 ac (15,246 SF)
Zoning code C-1
APN 034800 158.12-3-26
UPID US63-3349095

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
  • Restaurant
  • Restaurant

Location

3748 Vestal E Pkwy Vestal, NY 13850-2312
Vestal metro Census 14301 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

C-1 · Vestal, NY
Zoning description

d. I Allowable as an accessory use. P Allowable as a use permitted by right. T Allowable upon obtaining a special permit from the town board. Z Allowable upon obtaining a special permit from the zoning board of appeals.…

General category CIVIC_INSTITUTIONAL

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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