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    OFF-MARKET
    Retail space

    400 Academy St, Prospect, NY 13435-3502

    172 SF 0.27 ac lot Built 1951
    Trust Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-5347413
    Property summary
    AI-generated overview

    This thriving Adirondack-themed winery, established in 2014, presents a unique investment opportunity in Prospect, NY. Situated on a 0.26-acre lot at 400 Academy Street, the property boasts a 3,870 square foot building encompassing a 1,000 square foot tasting room, a 450 square foot enclosed three-season patio, and a 720 square foot open-air patio complete with a fire pit. The winery enjoys a prime location minutes from Route 12 North and Route 365, just 15 minutes from the Kuyahoora Resort and numerous Airbnbs, ensuring consistent tourist traffic. Currently producing approximately 1,000 cases of wine annually, the existing equipment and experienced winemaker (with 30 years of experience who will remain to assist) allow for significant production expansion—potentially doubling or tripling current output. The winery's success is evident in its strong local and tourist clientele, drawn to its unique setting and seasonal events. Fully handicap accessible, the winery also benefits from its participation in the Oneida County beverage trail, alongside breweries and other wineries. Convenient municipal parking is available across the street, and the property offers street-level loading and unloading with a liftgate. This turnkey operation is offered at $450,000 and includes the existing equipment and inventory. The property is also listed as a separate lot with MLS #1581884.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1951
    Total area 172 SF
    Lot 0.27 ac (11,550 SF)
    Zoning code 05 - COMMERCIAL
    APN 305889 178.006-1-13
    UPID US63-5347413
    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
    • Prospect Falls Winery Brewery & Distillery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Keblish Trust · 8 yrs held
    Keblish Trust
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    05 - COMMERCIAL · Prospect, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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