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    OFF-MARKET
    Turn key restaurants

    578 Main St, Malone, NY 12953-2054

    3,963 SF 0.23 ac lot Built 1982
    Entity Owned Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Shooter's Lounge Bar & Pub 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
    B5 Estates LLC
    B5 Estates LLC
    since 2025
    Last sale
    $90,000
    3 recorded transactions
    2025
    $90,000
    2023
    2021
    $42,500
    Zoning & alternative use
    01 - NOT ZONED · Malone, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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