7342 State Street Rd, Auburn, NY 13021
For Sale
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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.
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Classic Cones Grocery & Convenience Store Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
01 - NOT ZONED · Auburn, NYAuburn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.