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    FOR SALE
    Investment properties

    51 Market St, Potsdam, NY 13676

    5,088 SF 0.06 ac lot Built 1950
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US63-0565280
    Property summary
    AI-generated overview

    This exceptional business opportunity presents the chance to acquire a thriving, well-established gluten-free bakery and cafe located at 51 Market St, Potsdam, NY. The 3 Bears Bakery and More boasts a loyal customer base, extending its reach as the only 100% gluten-free establishment between Potsdam and Syracuse. This turnkey operation includes the sale of the existing business, complete with its established clientele and brand recognition. The sale encompasses all existing inventory, ensuring a seamless transition for the new owner. All necessary equipment for continued operation is included in the sale price of $549,900. The property itself offers 7,152 square feet of space situated on a 0.06-acre lot. A lease agreement is included as part of the sale, eliminating the need for immediate lease negotiations. This presents a unique opportunity for an entrepreneur seeking a profitable and established business in a desirable location. The business is ready to operate immediately, minimizing start-up costs and maximizing potential returns. The strong brand reputation and established customer base provide a solid foundation for continued growth and success. This is a rare opportunity to acquire a profitable and well-regarded business in a thriving community. Serious inquiries only. Financial details are available upon request. The sale includes all equipment, inventory, and the existing lease. This is a turnkey operation ready for immediate ownership.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1950
    Total area 5,088 SF
    Lot 0.06 ac (2,548 SF)
    APN 407403 64.058-4-44.2
    UPID US63-0565280
    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
    • 3 Bears Gluten Free Bakery and Cafe Restaurant
    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
    Scott M Schulte · 5 yrs held
    Scott M Schulte
    since 2021
    Last sale
    $147,000
    1 recorded transaction
    2021
    $147,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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