Property profile

8460 Old Riv Rd Marcy, NY 13403

OFF-MARKET
Bars & Pubs
Property ID
US63-3780931
1,735 SF 1.2 ac lot Built 1950
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional multi-income property presents a unique investment opportunity in Marcy, New York. Located on the highly visible corner of Old River Road and Ritchie Road, the property boasts a substantial 1,735 square foot building formerly operating as Merrill's Bar & Restaurant. The ample parking ensures convenient access for patrons. Beyond the established bar and restaurant, this offering includes a fully furnished three-bedroom, two-bathroom mobile home situated on the property. This mobile home provides additional income potential through rental or serves as comfortable owner's quarters. The property's versatility extends further with the inclusion of an expansive adjacent lot measuring 100 feet by 205.24 feet, adding significant development potential or expansion possibilities. The entire property sits on 1.2 acres of land. This turnkey operation is priced competitively for a swift sale, making it an ideal acquisition for savvy investors seeking a high-return venture. The combination of established business, residential unit, and extra land presents a rare opportunity to capitalize on a thriving location and diverse income streams. Don't miss this chance to own a piece of Marcy's commercial landscape.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1950
Total area 1,735 SF
Lot 1.2 ac (52,272 SF)
APN 304400 261.000-3-39
UPID US63-3780931

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

Location

8460 Old Riv Rd Marcy, NY 13403-3110
Marcy metro Census 26200 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
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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
$315k

Owner & transaction history

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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