106 Main St - Storefront FOR SALE


Phelps, NY 14532
$169,900 USD
315-521-7413
106 Main St, Phelps, NY for Sale
$169,900 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

106 Main St
Phelps, NY 14532


HIGHLIGHTS

  • Excellent grossing restaurant with a long history.
  • High Traffic Area!

OVERVIEW

Ground floor retail storefront available for sale. Lower half of building is owned, not top half. ADDITIONAL 1578 SQUARE FOOTAGE IN BASEMENT INCLUDING AN OFFICE. Financials available with non-disclosure agreement. Plenty of parking on both street and rear parking lot of building, full basement for storage & office. The opportunities are endless in this high-traffic downtown location. Excellent grossing restaurant in business over 40 years! Excellent investment opportunity with high cap rate. Ground floor unit only, second floor is owned separately. Successful Family owned, "turn-key," established restaurant business for 40 years. This well cared for restaurant, in the busy village, is selling both building and business with all equipment & fixtures (see attached list). The current owner is open 6 days a week with a steady flow of customers and limited competition within the market. Owner will not consider any leasing options. Showings to be Saturday & Sunday after 3:30 and any time on Monday. Preapproval is a must!

FOR SALE DETAILS

PRICE

$169,900 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Astoria Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Convenience Store, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

05

APN/PARCEL ID

324001-048-005-0001-027-000

ASK ABOUT THIS PROPERTY

Belinda FrattoHoward Hanna Real Estate ServicesMore Info
315-521-7413

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Belinda FrattoHoward Hanna Real Estate ServicesMore Info
315-521-7413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.