412 Main St Sylvan Beach, NY 13157
- Turn key restaurants
- 5,400 SF
- 0.21 lot acres
Oct 01, 2024
Current Use by Public Records
- Cinco de mayo / Mexican Restaurant
Property Details for 412 Main St
- Year built
- 1910
- Lot size
- 0.21 lot acres
- Property size
- 5,400 SF
- Zone code
- V
- Property type
- Turn key restaurants
- APN
- 306401 252.007-4-79
- APU
- 306401252007479
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sylvan Beach
- County
- Oneida
- State
- New York
- Longitude
- -75.7286
- Latitude
- 43.1976
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
