114-116 Main St - Storefront Retail/Residential FOR SALE


Groton, NY 13073
$450,000 USD
817-627-5788
114-116 Main St, Groton, NY for Sale
$450,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

114-116 Main St
Groton, NY 13073


HIGHLIGHTS

  • 1,500 sq ft of Bar and Kitchen space
  • 1,500 sq ft of Basement storage
  • 1,150 sq ft of apartment space upstairs, 2 units.
  • 866 sq ft of Third Floor storage

OVERVIEW

Introducing Farrell’s Bar and Grill! A Groton, New York landmark that is steeped in history and tradition. This building was built in 1875 and has had a tavern on the first floor from its inception. Along with the beautiful bar room, there is a deck with bar access. In addition, it has two apartment spaces on the second floor. The third floor can be used for storage, and has potential for to be utilized in various ways. This property has ample parking in the village lot next door and on Main Street, directly in front of the establishment. Historically, it was a Gentlemen’s Club, and has been known as “Farrell’s” for several decades. The bar was restored in 2023 to the traditional Farrell’s Irish pub theme. Some recent updates include: • Custom Built Bar with Hardwoods including a Solid Cherry Top • Painted to it’s Traditional Green and Gold • Bar Room Furniture (Tables, Chairs, and Bar Stools) • Pool Table (Cues, Stand, and Balls) • Bar Equipment (Bottle Coolers, Ice Machine and Basin, 3 Bay Sink, Hand Sink) • Kitchen Equipment (Vulcan Gas Range, Fryers/Baskets, Microwave, Low Boy Fridge and Freezer, Utility/Hand Sink) • Other Structural Restorations The bar and kitchen are completely outfitted with the essentials needed to serve customers. This includes glassware, flatware, plates, bowls, serving baskets, etc. The full service bar and restaurant accommodates an occupancy of ~72 patrons. This flagship, essentially turnkey business opportunity has been serving the Village of Groton and surrounding area for most of the last 150 years, It will continue to be the focal point of family and community celebrations. Farrell’s has been able to accommodate a wide demographic. It’s central location and proximity to local businesses has contributed to unique characteristic of the area. Farrell’s is­ an icon and an integral part of the community.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Farrell's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1875

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

GC

APN/PARCEL ID

502801-005-000-0005-005-000-0000

ASK ABOUT THIS PROPERTY

Diane SimmmonsDNCRL, LLCMore Info
817-627-5788

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Diane SimmmonsDNCRL, LLCMore Info
817-627-5788

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