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Michael T's Restaurant 8390 Seneca Tpke

4,496 SF Retail Building New Hartford, NY 13413 $1,559,217 CAD ($347 CAD/SF)

Investment Highlights

  • High Traffic Count Location (nearly 20k AADT)
  • Ample parking
  • Separate Banquet Area
  • Untapped potential for expansion

Executive Summary

A long-standing restaurant, operating successfully for over 40 years, is now available for sale. This highly profitable establishment boasts ample opportunities for further expansion. Situated in a prime location with heavy traffic counts and extensive visibility, it presents an enticing investment prospect. The owner is open to financing options for qualified buyers. Additional revenue with upstairs apartment.

Attachments

Flysheet

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,496 SF
Building Class
C
Year Built
1952
Price
$1,559,217 CAD
Price Per SF
$347 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.57 AC
Zoning
C1 - General Commercial District
Parking
55 Spaces (12.23 Spaces per 1,000 SF Leased)
Frontage
163 ft on Seneca Turnpike

Amenities

  • Restaurant

Nearby Major Retailers

ALDI
Texas Roadhouse
Planet Fitness
Rockin' Jump
Price Chopper
NBT Bank
Hannaford
Red Lobster
Olive Garden Italian Rstrnt
Ninety Nine Restaurant & Pub

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
328-011-0001-003-000-0000
Land Assessment
$79,495 CAD
Improvements Assessment
$243,366 CAD
Total Assessment
$322,861 CAD
  • Listing ID: 31268172

  • Date on Market: 2024-03-19

  • Last Updated:

  • Address: 8390 Seneca Tpke, New Hartford, NY 13413

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