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    OFF-MARKET
    Turn key restaurants

    40 Genesee St, New Hartford, NY 13413-2337

    9,924 SF 0.25 ac lot Built 1970
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-0631822
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 40 Genesee Street in New Hartford, NY, presents a unique investment opportunity. For the first time in 75 years, the renowned Cavallo's Restaurant is available for acquisition. This established landmark boasts a rich history and strong community presence. The main floor features a large dining area with multiple rooms, accommodating various group sizes. Three bars—a main bar, a large deck bar, and a wine bar—cater to diverse clientele preferences. A state-of-the-art, 1,000 square foot commercial kitchen ensures efficient high-volume service. Upstairs, two elegant banquet rooms, complete with a full commercial kitchen and two portable bars, are perfect for weddings and large events. The substantial 2,000 square foot basement includes four walk-in coolers, ample dry storage, and a large prep area, ideal for supporting the restaurant's extensive menu and catering needs. The property encompasses a total of 16,924 square feet and is offered at $1,600,000. This is a rare chance to own a piece of New Hartford's history and a thriving, well-established business. The property is zoned for commercial use and is situated in Oneida County, NY, zip code 13413. This turnkey operation is ready for a new owner to continue its legacy.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1970
    Total area 9,924 SF
    Lot 0.25 ac (10,858 SF)
    Zoning code 01 - NOT ZONED
    APN 304801 329.014-2-14
    UPID US63-0631822
    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
    • Tom Cavallo's Restaurant Restaurant
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    40 Genny LLC · 1 yrs held
    40 Genny LLC
    since 2025
    Last sale
    $1.5M
    2 recorded transactions
    2025
    $1.5M
    2013
    Zoning & alternative use
    01 - NOT ZONED · New Hartford, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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