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    OFF-MARKET
    Turn key restaurants

    455 Old Ithaca Rd, Horseheads, NY 14845-7204

    2,318 SF 0.93 ac lot Built 1955
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US63-5995195
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1955
    Total area 2,318 SF
    Lot 0.93 ac (40,400 SF)
    Zoning code TH02
    APN 073489 49.02-4-59
    UPID US63-5995195
    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
    • Fratello's Pizza Company Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Giovanni Mannino · 7 yrs held
    Giovanni Mannino
    since 2019
    3 recorded transactions
    2019
    $246,000
    2019
    2005
    Zoning & alternative use
    TH02 · Horseheads, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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