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Property profile & analytics
OFF-MARKET
Turn key restaurants

412 Main St Sylvan Beach, NY 13157

5,400 SF 0.21 ac lot Built 1910
Entity Owned 1-yr Hold Free & Clear
Property ID
US63-2839196
Property summary
AI-generated overview

This exceptional mixed-use property at 412 Main St, Sylvan Beach, NY 13157, presents a lucrative investment opportunity. The 5,400 square foot building boasts a fully leased Cinco De Mayo Restaurant and four newly renovated one-bedroom apartments, ensuring immediate cash flow. Recent upgrades include a new roof and HVAC system, enhancing efficiency and longevity. The restaurant features a unique propane/wood-fired pizza oven and an overhead door, creating a seamless indoor/outdoor dining experience. Situated in the heart of Sylvan Beach, this property benefits from its proximity to The Lake House Casino, Oneida Lake, and the New York State Canal System. Conveniently located approximately 15 minutes from Turning Stone Casino and the New York State Thruway, it enjoys excellent accessibility and high visibility. The 0.21-acre lot provides ample space, complemented by 12 parking spaces plus street parking. The property is zoned VC-Village Center (APN: 252.007-4-79) and carries an annual tax burden of approximately $6,195.96. This turnkey operation offers a compelling blend of established income and significant growth potential in a vibrant lakeside community. The asking price is $629,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1910
Total area 5,400 SF
Lot 0.21 ac (9,000 SF)
Zoning code V
APN 306401 252.007-4-79
UPID US63-2839196
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
  • Cinco de mayo Restaurant
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
Tampa 1 Realty LLC · 1 yrs held
Tampa 1 Realty LLC
since 2024
Last sale
$290,000
4 recorded transactions
2024
$290,000
2017
$176,000
2005
Price N/A
2005
$170,000
Zoning & alternative use
V · Sylvan Beach, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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