Property profile

5145 State Rte 12 Glenfield, NY 13343

OFF-MARKET
Turn key restaurants
Property ID
US63-4185326
2,244 SF 9.6 ac lot Built 1993
Individually Owned 15-yr Hold Free & Clear
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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

Location

5145 State Rte 12 Glenfield, NY 13343-4011
Glenfield metro Census 950500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2011
3 recorded transactions
2011
Price N/A
2011
$75,000
2010
$85,281

Zoning & alternative use

07 - MIXED · Glenfield, 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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