Michael T's Restaurant 8390 Seneca Tpke 4,496 SF Retail Building New Hartford, NY 13413 $1,574,001 CAD ($350.09 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,496 SF
Building Class
C
Year Built
1952
Price
$1,574,001 CAD
Price Per SF
$350.09 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’ on Seneca Turnpike
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 328-011-0001-003-000-0000 | Improvements Assessment | $250,104 CAD |
| Land Assessment | $81,696 CAD | Total Assessment | $331,800 CAD |
