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Property profile

5 Park Ave Lacona, NY 13083

OFF-MARKET
Investment properties
Property ID
US63-2316809
View Sample
920 SF 0.1 ac lot Built 1980
Individually Owned 20-yr Hold Absentee Owner Free & Clear

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2006
1 recorded transaction
2006
$23,000

Zoning & alternative use

NOT-WF · Lacona, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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