455 Old Ithaca Rd Horseheads, NY 14845-7204
- Turn key restaurants
- 2,318 SF
- 0.93 lot acres
Current Use by Public Records
- Fratello's Pizza Company / Pizza Restaurant / Delivery Restaurant
Property Details for 455 Old Ithaca Rd
- Year built
- 1955
- Lot size
- 0.93 lot acres
- Property size
- 2,318 SF
- Zone code
- TH02
- Property type
- Turn key restaurants
- APN
- 073489 49.02-4-59
- APU
- 734894902459
Description
This 2,318-square-foot restaurant building in Horseheads, NY, is available for $350,000. Located at 455 Old Ithaca Rd, in Chemung County, this property sits on a 0.93-acre lot and offers a turnkey opportunity for a new restaurant owner. The building is currently configured as a former pizzeria, and all existing equipment and furniture are included in the sale price. The property boasts ample paved parking, providing convenient access for customers. Its strategic location just off the highway ensures high visibility and accessibility for both local residents and travelers. The asking price of $350,000 translates to $150.99 per square foot. This presents a compelling investment opportunity in a desirable residential neighborhood with significant potential for growth and profitability. The property's existing infrastructure and included equipment minimize start-up costs and allow for a quick transition to a new business. The spacious lot offers potential for future expansion. This is a rare opportunity to acquire a well-situated, fully equipped restaurant in a thriving community. The zip code is 14845.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $230,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $220,000
- Mixed-Use
- $275,000
- Hospitality
- $300,000
- Educational
- $295,000
- Residential Income
- $290,000
- Energy
- $285,000
- Income-Based Land
- $255,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Horseheads
- County
- Chemung
- State
- New York
- Longitude
- -76.7948
- Latitude
- 42.1893
- CBSA code
- 21300
- CBSA name
- ELMIRA, NY METROPOLITAN STATISTICAL AREA
