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    FOR SALE
    Showrooms

    7342 State Street Rd, Auburn, NY 13021

    2,194 SF 1.5 ac lot Built 1955
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US63-5542300
    Property summary
    AI-generated overview

    This exceptional turn-key business opportunity presents a well-established ice cream store and restaurant located at a prime corner lot in Auburn, NY. Built in 2015, the property boasts a spacious 2,194 square foot building situated on a generous 1.5-acre lot. Its strategic location at the four-way intersection of State Street Road and Turnpike Road ensures high visibility and convenient access for customers. The property features ample parking and a large covered patio, providing comfortable seating for patrons. A state-of-the-art industrial raised bed filtered septic system, capable of handling 2200 gallons per day, is already in place. The existing infrastructure offers significant potential for expansion, with an area specifically designed for the addition of a miniature golf course. This presents a unique opportunity to increase revenue streams and further enhance the property's appeal. The property's robust infrastructure and prime location make it an ideal investment for a savvy entrepreneur seeking a thriving business with significant growth potential. The sale includes the established business, building, and land. This is a rare opportunity to acquire a successful, established business with room to grow. Serious inquiries only.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1955
    Total area 2,194 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code 01 - NOT ZONED
    APN 056000 101.04-1-38
    UPID US63-5542300
    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
    • Classic Cones Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    7342 State Street Road LLC · 12 yrs held
    7342 State Street Road LLC
    since 2014
    4 recorded transactions
    2014
    $85,000
    2013
    $60,000
    2012
    1969
    Zoning & alternative use
    01 - NOT ZONED · Auburn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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