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Below Zero 6093 NY-5 Hwy

1,178 SF 100% Leased Retail Building Palatine Bridge, NY 13428 $395,474 CAD ($336 CAD/SF) 17.88% Cap Rate

Restaurants New York Palatine Bridge 6093 NY-5 Hwy, Palatine Bridge, NY 13428

Investment Highlights

  • Right off NYS thruway.
  • Down the street from a Price Chopper plaza and a drive in movie theater.

Executive Summary

Opportunity to own a prime parcel located in the commercial corridor of Palatine Bridge on busy NYS Rt 5. Parking for 60 cars. Building has been selling ice cream since being built in 1955 as a Tastee Freeze. Pavilion seating for 72. Indoor dining for 17. Full restaurant includes delivery and a drive thru. Homemade hard & soft ice cream. Includes many new renovations and equipment. Call listing phone or email belowzeroicecream@yahoo.com for a showing. Proof of funds or financing required. No owner financing.

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,178 SF
Year Built/Renovated
1955/2022
Price
$395,474 CAD
Price Per SF
$336 CAD
Cap Rate
17.88%
NOI
$70,696 CAD
Business Value
$212,620 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.60 AC

About 6093 NY-5 Hwy , Palatine Bridge, NY 13428

Opportunity to own a prime parcel located in the commercial corridor of Palatine Bridge on busy NYS Rt 5. Parking for 60 cars. Building has been selling ice cream since being built in 1955 as a Tastee Freeze. Pavilion seating for 72. Indoor dining for 17. Full restaurant includes delivery and a drive thru. Homemade hard & soft ice cream. $150,000-$180,000 gross income for season: April 1 - Sept 4. Includes many new renovations and equipment. Owner looking to move south. Do not call the store or inquire with the employees. Call listing phone or email for a showing. Proof of funds or financing required. No owner financing.

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Nearby Major Retailers

Keybank
Rent-A-Center
Community Bank

PROPERTY TAXES

Parcel Number 273489-062-000-0003-023-000-0000 Improvements Assessment $56,628 CAD
Land Assessment $8,930 CAD Total Assessment $65,558 CAD

PROPERTY TAXES

Parcel Number
273489-062-000-0003-023-000-0000
Land Assessment
$8,930 CAD
Improvements Assessment
$56,628 CAD
Total Assessment
$65,558 CAD
(518) 847-7568

Contact

  • Daniel Garrow
    Daniel Garrow
  • Premio Developers Inc

  • Listing ID: 32217331

  • Date on Market: 2024-06-21

  • Last Updated:

  • Address: 6093 NY-5 Hwy, Palatine Bridge, NY 13428

The Retail Property at 6093 NY-5 Hwy, Palatine Bridge, NY 13428 is currently available for sale. Contact Premio Developers Inc for more information.

Nearby Listings

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6093 NY-5 Hwy, Palatine Bridge, NY for sale Primary Photo- Image 1 of 4
Exterior
6093 NY-5 Hwy, Palatine Bridge, NY for sale Building Photo- Image 2 of 4
Pavilion
6093 NY-5 Hwy, Palatine Bridge, NY for sale Building Photo- Image 3 of 4
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Below Zero | 6093 NY-5 Hwy
(518) 847-7568 x

Below Zero | 6093 NY-5 Hwy

Daniel Garrow

(518) 847-7568

(518) 847-7568

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