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Astoria Restaurant 106 Main St 1,578 SF Retail Building Phelps, NY 14532 $164,900 ($104.50/SF)
Investment Highlights
- Excellent grossing restaurant with a long history.
- High Traffic Area!
Executive Summary
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!
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!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,578 SF
Building Class
B
Year Built
1880
Price
$164,900
Price Per SF
$104.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.50 AC
Zoning
05 - COM
Parking
50 Spaces (31.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Restaurant
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Astoria Restaurant
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Astoria Restaurant | Accommodation and Food Services | - | - | - |
Property Taxes
| Parcel Number | 324001-048-005-0001-027-000 | Improvements Assessment | $91,000 |
| Land Assessment | $9,000 | Total Assessment | $100,000 |
Property Taxes
Parcel Number
324001-048-005-0001-027-000
Land Assessment
$9,000
Improvements Assessment
$91,000
Total Assessment
$100,000
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Astoria Restaurant | 106 Main St
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