9564 State Route 414 Lodi, NY 14860
- Turn key restaurants
- 3.12 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 9564 State Route 414
- Lot size
- 3.12 lot acres
- Property type
- Turn key restaurants
- APN
- 452689 17-1-30.11
- APU
- 4526891713011
Description
This renowned, established restaurant on the Seneca Wine Trail boasts stunning Seneca Lake views. The 3,500 square foot building sits on 3.12 acres of meticulously landscaped grounds, offering ample on-site parking. Inside, find a large dining area seating 75, a spacious gourmet kitchen, a bar area, and two restrooms. Outside, a large covered patio accommodates an additional 60 guests. A full basement provides extra storage. The restaurant has a loyal clientele built over 17 years of successful operation, combining high-quality food and service with the region's award-winning wines. Its convenient location near Ithaca, Geneva, Watkins Glen, Elmira, and Corning benefits from significant tourism on the Wine Trail. The property presents an excellent opportunity to expand the existing business by pursuing weddings, special events, and catering services. The asking price is $1,250,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $305,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $295,000
- Mixed-Use
- $320,000
- Hospitality
- $265,000
- Educational
- $250,000
- Residential Income
- $295,000
- Energy
- $315,000
- Income-Based Land
- $285,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Lodi
- County
- Seneca
- State
- New York
- Longitude
- -76.8642
- Latitude
- 42.5615
- CBSA code
- 42900
- CBSA name
- SENECA FALLS, NY MICROPOLITAN STATISTICAL AREA