Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
01 - NOT ZONED · New Hartford, NYZoning
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Zoning designation
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