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    OFF-MARKET
    Turn key restaurants

    99 Ferndale Rd, Ferndale, NY 12734-5109

    2,629 SF 1.1 ac lot Built 1965
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-3340682
    Property summary
    AI-generated overview

    This exceptional Class A, 2,965 sq ft restaurant in Ferndale, NY, is available for $549,900. Located on a 1.1-acre lot at 99 Ferndale Rd (zip code 12734), this vacant property boasts a prime riverfront location with stunning waterfall views and unique rock formations. Built in 1940 and renovated in 2014, the single-story building features a fully equipped restaurant with seating for 65, a stage, commercial kitchen, and bar with a full liquor license. A full basement includes an office overlooking the falls. Outdoor amenities include a deck, courtyard gardens, and two outbuildings. The property offers 15 parking spaces and is zoned for commercial use. Its convenient location near I-87 exit 101 makes it easily accessible. This property presents a unique opportunity for a restaurant, brewery, medical office, or other businesses seeking to capitalize on the area's natural beauty and growing tourism, fueled by nearby attractions such as Resorts World Casino, Kartrite Waterpark, and Bethel Woods. The occupancy date is October 31, 2023.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1965
    Total area 2,629 SF
    Lot 1.1 ac (47,916 SF)
    Zoning code IC
    APN 483689 36.-1-91
    UPID US63-3340682
    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
    • Tedy by the falls Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Maciodoca Corp · 4 yrs held
    Maciodoca Corp
    since 2022
    Last sale
    $400,000
    3 recorded transactions
    2022
    $400,000
    2013
    $55,000
    2008
    Zoning & alternative use
    IC · Ferndale, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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