Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Vestal, NYd. 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.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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.…
What can be built and operated here — officially.
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