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Restaurant Row 1 Horseshoe Lake Rd 7,140 SF 100% Leased Retail Building Kauneonga Lake, NY 12749 $799,900 ($112.03/SF) 7.98% Cap Rate
INVESTMENT HIGHLIGHTS
- Multiple Income Opportunity
- Great Lake Front Opportunity
- Fully Rented
EXECUTIVE SUMMARY
Beautifully renovated commercial building is located right on Restaurant Row with fabulous frontage on desirable Kauneonga Lake in the Town of Bethel. This very popular destination spot is bustling all season long. There are two commercial units on the lower level, each with separate electric meters and heating, so this could serve either one or two separate businesses. Kitchen equipment was recently removed to make it easy for you to bring in your new state-of-the-art kitchen. Very large deck for outdoor seating, one of the largest on the strip! With three fully rented apartments upstairs this acquisition makes sense.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,140 SF
Building Class
C
Year Built
1940
Price
$799,900
Price Per SF
$112.03
Cap Rate
7.98%
NOI
$63,830
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.27 AC
Zoning
05
AMENITIES
- Restaurant
- Waterfront
- Balcony
PROPERTY TAXES
| Parcel Number | 2000-036-0-0001-003-000 | Improvements Assessment | $142,700 |
| Land Assessment | $131,300 | Total Assessment | $274,000 |
PROPERTY TAXES
Parcel Number
2000-036-0-0001-003-000
Land Assessment
$131,300
Improvements Assessment
$142,700
Total Assessment
$274,000
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Restaurant Row | 1 Horseshoe Lake Rd
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