Rental Property and Restaurant 6202-6208 State Highway 28 22,000 SF 100% Leased Retail Building Fly Creek, NY 13337 $1,358,215 CAD ($61.74 CAD/SF) 4.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently renovated corner building in high traffic area with on-site Parking. Minutes away from Cooperstown Dreams Park and Bassett Hospital.
- Includes 4 residential apartments (2 one-bedroom apartments, 2 two-bedroom apartments)
- Renovated Basement for storage or office space.
- Fully equipped and renovated Bar and Restaurant. Turn-key operation! Best cocktails and beverage selection between Albany and Utica!
- Includes 1 retail store approximately 800sq feet
- Second floor of restaurant can be used as Event space or rented for additional income.
EXECUTIVE SUMMARY
Operating bar & restaurant plus an additional four income producing apartment rentals and another retail store, on 2.7 acre lot.
Located in a high traffic area in beautiful Fly Creek, NY, just minutes away from Baseball Dreams Park and the Baseball Hall of Fame in Cooperstown, NY and many other attractions (Lake Otsego, Glimmerglass Opera, Golf, farms etc.) and also minutes away from the Bassett hospital.
The building has on site parking and has benefited from recent upgrades, such as new roof, new boiler, new paint and apartment renovations.
Wonderful opportunity for chefs/restaurateurs that want to own their restaurant and have the rents pay the mortgage while enjoying the beauty of Fly Creek and everything this lovely town in Otsego county has to offer!
Located in a high traffic area in beautiful Fly Creek, NY, just minutes away from Baseball Dreams Park and the Baseball Hall of Fame in Cooperstown, NY and many other attractions (Lake Otsego, Glimmerglass Opera, Golf, farms etc.) and also minutes away from the Bassett hospital.
The building has on site parking and has benefited from recent upgrades, such as new roof, new boiler, new paint and apartment renovations.
Wonderful opportunity for chefs/restaurateurs that want to own their restaurant and have the rents pay the mortgage while enjoying the beauty of Fly Creek and everything this lovely town in Otsego county has to offer!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
22,000 SF
Building Class
C
Year Built/Renovated
1850/2023
Price
$1,358,215 CAD
Price Per SF
$61.74 CAD
Cap Rate
4.42%
NOI
$60,047 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
2.31 AC
Zoning
01 - commercial zoning.
Frontage
90’ on New York 28
PROPERTY TAXES
| Parcel Number | 365089-114-005-0001-037-000-0000 | Improvements Assessment | $346,828 CAD |
| Land Assessment | $136,115 CAD | Total Assessment | $482,943 CAD |
CONTACT
-
Constantine Gavalas - 6208 Hwy 28 food corp
