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    OFF-MARKET
    Turn key restaurants

    5145 State Rte 12, Glenfield, NY 13343-4011

    2,244 SF 9.6 ac lot Built 1993
    Individually Owned 15-yr Hold Free & Clear
    Property ID
    US63-4185326
    Property summary
    AI-generated overview

    This exceptional turn-key restaurant opportunity is nestled in the heart of the Black River Valley, strategically located on State Route 12 between the Tug Hill and Adirondack regions. Boasting nearly 10 acres of land, this property enjoys a high-traffic location with over 5,000 vehicles passing daily, providing excellent visibility and accessibility. The existing Pioneer Cafe, a well-established and popular eatery, is fully equipped and operational, serving breakfast and lunch to over 50 patrons regularly. The 2,244 square foot building offers ample space for dining and kitchen operations. The property's prime location offers direct access to popular ATV and snowmobile trails, attracting a significant number of outdoor enthusiasts. The restaurant is equipped with a backup generator ensuring uninterrupted service and central air conditioning for year-round comfort. This presents a unique opportunity for a buyer to either continue the successful existing operation or to reimagine the space to create their own culinary vision. The property's substantial acreage offers significant potential for future expansion or development. This is a rare chance to own a thriving business with considerable growth potential in a desirable location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1993
    Total area 2,244 SF
    Lot 9.6 ac (418,176 SF)
    Zoning code 07 - MIXED
    APN 235089 274.00-03-28.200
    UPID US63-4185326
    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
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Two Sisters Real Estate, · 15 yrs held
    Two Sisters Real Estate,
    since 2011
    3 recorded transactions
    2011
    2011
    $75,000
    2010
    $85,281
    Zoning & alternative use
    07 - MIXED · Glenfield, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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