Property profile

6 Ovid St Seneca Falls, NY 13148

OFF-MARKET
Investment properties
Property ID
US63-2429121
3,696 SF 0.06 ac lot Built 1965
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000 square foot restaurant presents a unique investment opportunity in the heart of historic Seneca Falls, New York. Located at 6 Ovid Street, this single-tenancy property boasts a prime waterfront location at a major downtown intersection, ensuring high visibility and foot traffic. The "Canal Side Tavern" enjoys a prominent position within the vibrant Seneca Falls community, benefiting from its rich history and tourist appeal. The building's substantial size offers ample space for a thriving restaurant operation, with potential for expansion or adaptation to suit various culinary concepts. The property's waterfront setting provides a picturesque and highly desirable atmosphere for patrons, creating a unique and memorable dining experience. This turnkey restaurant is ready for immediate operation, offering a rare chance to acquire an established business in a sought-after location. The address is 6 Ovid St, Seneca Falls, NY 13148. This is a retail property specifically categorized as a restaurant. The property's geographic coordinates are latitude 42.91014244216374 and longitude -76.79585261936123. This presents a compelling opportunity for an experienced restaurateur or investor seeking a well-established business in a thriving tourist destination.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 3,696 SF
Lot 0.06 ac (2,400 SF)
Zoning code C-1
APN 453289 11-3-69.2
UPID US63-2429121

Cap rate & NOI

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

Location

6 Ovid St Seneca Falls, NY 13148-1901
Seneca Falls metro Census 950200 SENECA FALLS, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2016
1 recorded transaction
2016
$250,000

Zoning & alternative use

C-1 · Seneca Falls, 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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