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    OFF-MARKET
    Investment properties

    5 Park Ave, Lacona, NY 13083-8305

    920 SF 0.1 ac lot Built 1980
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2316809
    Property summary
    AI-generated overview

    This thriving takeout and delivery pizza business, located in the heart of Sandy Creek and Lacona, New York, presents a unique investment opportunity. The property, situated on a 0.1-acre lot at 5 Park Avenue, encompasses 920 square feet of operational space. The sale includes the established business, its well-regarded recipes (including the popular "Two Brothers Pizza" recipe), and an existing customer base ready for a seamless transition. A significant advantage is the inclusion of the business's locally known phone number, ensuring immediate continuity and brand recognition. The sale also includes a fully operational Toast POS system, streamlining operations and providing valuable data for future growth. The kitchen is equipped with ready-to-use Bakers Pride stone pizza ovens, ensuring efficient and high-quality pizza production. This turnkey operation offers immediate income potential and the chance to build upon an already successful foundation. The asking price for this exceptional opportunity is $240,000. This represents a rare chance to acquire a well-established food business with a proven track record and significant growth potential in a desirable location. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1980
    Total area 920 SF
    Lot 0.1 ac (4,300 SF)
    Zoning code NOT-WF
    APN 355201 029.08-02-13.01
    UPID US63-2316809
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael L Finch · 20 yrs held
    Michael L Finch
    since 2006
    1 recorded transaction
    2006
    $23,000
    Zoning & alternative use
    NOT-WF · Lacona, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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