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The Elm Tree Inn 2 Mclean Rd 7,920 SF 100% Leased Retail Building Mclean, NY 13102 $334,999 ($42.30/SF)
Investment Highlights
- Full bar & restaurant with total seating for 150 in 2 banquet areas with over 7,000 total square feet.
- Large flexible space with huge potential for larger catering business or B-n-B
- Equipment, furnishings, fixtures and delivery vehicle. Fixed equipment conveys with sale. Inventory extra.
- Close proximity to Ithaca & Cortland on very active roadway.
- Well maintained facility with new hardwood floors on 1st floor.
- Owner will assist with transition.. Financials provided upon signing an NDA.
Executive Summary
Historic Inn with Bar/Restaurant, 2 banquet halls seating 150 total plus 3-bedroom apartment. All in excellent condition. Can be used as is or converted to more of BnB plus event venue. Almost 8,000 square feet of possibilities! Excellently located within 20 minutes of both Cortland and Cornell University/Ithaca area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,920 SF
Building Class
B
Year Built
1800
Price
$334,999
Price Per SF
$42.30
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
1.43 AC
Parking
30 Spaces (3.79 Spaces per 1,000 SF Leased)
Frontage
92’ on McLean Cortland Rd
Amenities
- Smoke Detector
Property Taxes
| Parcel Number | 502889-038-000-0005-010-000-0000 | Improvements Assessment | $225,000 |
| Land Assessment | $35,000 | Total Assessment | $260,000 |
Property Taxes
Parcel Number
502889-038-000-0005-010-000-0000
Land Assessment
$35,000
Improvements Assessment
$225,000
Total Assessment
$260,000
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The Elm Tree Inn | 2 Mclean Rd
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