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578 Main St Malone, NY 12953-2054

OFF-MARKET Turn key restaurants Google Maps
3,963 SF 0.23 ac lot Built 1982
Entity Owned Free & Clear
Estimated value
No estimation on file for this property yet.
Property ID US63-2904533

Property summary

AI-generated overview

This exceptional 3,962 sq ft commercial property at 578 E Main St, Unit 578, Malone, NY, is a fully operational and profitable business, ready for immediate occupancy. The main floor boasts a spacious layout, perfect for a thriving establishment. Over 1200 sq ft is dedicated to the bar area, complemented by more than 700 sq ft of indoor dining space, accommodating up to 185 patrons. Enjoy outdoor seating for approximately 55 guests on the recently renovated front and side decks, ideal for the warmer months. The property includes a fully equipped kitchen with a cooler, two convertible fridge/freezers, two chest freezers, a kegerator, an ice machine, and two front drink coolers. Two restrooms, one men's and one women's, are conveniently located. A back office provides additional workspace. The heating and cooling system is comprised of a pellet stove, three mini-splits (two with heating and A/C, one with A/C only), and baseboard heaters. Extensive renovations completed in 2022-2023 encompass flooring, walls, electrical, lighting, HVAC, kitchen, bathrooms, and both decks. All appliances, furniture, decor, and signage are included in the sale. An upstairs apartment, requiring complete renovation, presents significant potential for additional living space, possibly creating 2-3 bedrooms and 1.5-2 bathrooms. This 0.23-acre property is situated in a vibrant downtown location with excellent foot traffic, making it an ideal community gathering spot. The property is priced at $249,900.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1982
Total area 3,963 SF
Lot 0.23 ac (10,019 SF)
Zoning code 01 - NOT ZONED
APN 164801 112.27-7-1
UPID US63-2904533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$90,000
3 recorded transactions
2025
$90,000
2023
Price N/A
2021
$42,500

Zoning & alternative use

01 - NOT ZONED · Malone, 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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