187 Main St - Storefront FOR SALE


Unadilla, NY 13849
$275,000 USD
607-427-8282
187 Main St, Unadilla, NY for Sale
$275,000 USD
Storefront - FOR SALE
1/61
null | Request Cap Rate

187 Main St
Unadilla, NY 13849


HIGHLIGHTS

  • Complete package with pizzeria. This iconic building features four units on the 1st floor.
  • A former pizzeria including two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, six burner stove/hood, walk-in cooler, etc.
  • The other three units are storefronts with good exposure to Main St. The second floor could be converted into rentable shops or apartments.

OVERVIEW

Complete package with pizzeria. Here is a rare opportunity to own a piece of history and generate good cash flow. This iconic building features four units on the 1st floor, each with separate utilities. Currently two units are rented for $750/month and $650/month respectively. The other two are expected to earn $2,000/month and $550/month respectively. The gem is a former pizzeria including two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, six burner stove/hood, walk-in cooler, triple wash sinks, stainless & refrigerated prep surfaces, & more. Full basement storage space including a refrigeration & walk-in freezer. Tables and chairs for dining guests with a large open space for eating in, two public bathrooms, and handicap access. The other three units are storefronts with good exposure to Main St. The second floor, with proper updates, will be a stunning with 20’ ceilings, wood floors, and enormous windows. It has a bar and kitchen area, and rooms that can be converted into rentable shops or apartments. Ideal for local commerce with parking spaces behind plus a large adjacent town parking lot. The potential cap rate is 10%+ just from the 1st floor once fully rented. The upstairs is a bonus. Here is a chance to own a restaurant and receive cash flows from the tenants, or to create a destination spot that adds value to the entire community.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

Commercial

APN/PARCEL ID

366201-334-019-0001-024-000-0000

ASK ABOUT THIS PROPERTY

Ben HolscherThe Holscher TeamMore Info
607-427-8282

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Ben HolscherThe Holscher TeamMore Info
607-427-8282

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