412 Main St Sylvan Beach, NY 13157
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.
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Cinco de mayo Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
V · Sylvan Beach, NYSylvan Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.