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2534 State Route 31 3,900 SF 100% Leased Retail Building Palmyra, NY 14522 $449,000 ($115.13/SF)
Investment Highlights
- Newly remodeled with a friendly atmosphere
- Lots of natural light
- Very loyal patrons
Executive Summary
Popular Long-Standing Restaurant – Real Estate Included
Exceptional opportunity to own a well-established, profitable restaurant with both the business and property included. Operating successfully for 25 years, this beloved local favorite has built a loyal clientele who consistently praise the homemade food, outstanding service, and warm, friendly atmosphere.
Recently remodeled and fully equipped, this turn-key operation is ready for a seamless transition. The owners are retiring, creating a rare chance to step into a proven concept with strong community roots.
Business Price: $175,000
Property Price: $275,000
Profitable operation
Fully equipped kitchen & dining space
Loyal, repeat customer base
Newly updated interior
Own the real estate and the reputation — a solid investment with immediate income potential.
Exceptional opportunity to own a well-established, profitable restaurant with both the business and property included. Operating successfully for 25 years, this beloved local favorite has built a loyal clientele who consistently praise the homemade food, outstanding service, and warm, friendly atmosphere.
Recently remodeled and fully equipped, this turn-key operation is ready for a seamless transition. The owners are retiring, creating a rare chance to step into a proven concept with strong community roots.
Business Price: $175,000
Property Price: $275,000
Profitable operation
Fully equipped kitchen & dining space
Loyal, repeat customer base
Newly updated interior
Own the real estate and the reputation — a solid investment with immediate income potential.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,900 SF
Building Class
C
Year Built/Renovated
1950/2015
Price
$449,000
Price Per SF
$115.13
Business Value
$175,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
1.36 AC
Zoning
05 - Comme
Parking
23 Spaces
About 2534 STATE ROUTE 31 , PALMYRA, NY 14522
3,900 square foot restaurant with seating for 145. Restaurant sits on a 3.9 acre lot with plenty of parking for patrons.
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 543000-063-111-0000-991-614-0000 | Improvements Assessment | $271,400 |
| Land Assessment | $49,100 | Total Assessment | $320,500 |
Property Taxes
Parcel Number
543000-063-111-0000-991-614-0000
Land Assessment
$49,100
Improvements Assessment
$271,400
Total Assessment
$320,500
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2534 State Route 31
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