For Sale
$809,000

105 Main StEndicott, NY 13760

Iconic Steakhouse, High Sales, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents McCoy's Chophouse, a renowned fine-dining establishment in Endicott, New York. Located at 105 W Main St, this single-story, 2,400 square foot restaurant sits on a 2,912 square foot lot in a prime CBD location. Built in 1970 and extensively renovated in 2021, the property boasts a Class B rating and is currently operating at 100% occupancy. With seating for over 75 patrons, McCoy's Chophouse generated impressive sales of $2,235,585 in 2023, showcasing its strong performance and established clientele. The property benefits from a high daily traffic count of 12,611 vehicles and a Walk Score of 71, indicating excellent accessibility and foot traffic. Offered at $809,000, this represents a compelling core+ investment with a 24% cap rate and a price per square foot of $337.08. The property is privately owned, features a single tenancy, and is not subject to a ground lease. This is a rare chance to acquire a thriving, established restaurant in a vibrant, growing community within Broome County, NY. The property's location within a manufacturing hub, near companies like BAE, Amphenol, and iM3NY, further enhances its long-term potential.

Highlights

  • McCoy's Chophouse, a thriving fine-dining restaurant in Endicott, NY, generating $2,235,585 in 2023 sales.
  • Located at 105 W Main St, in a prime CBD location with high traffic counts (12,611 vehicles daily) and a Walk Score of 71.
  • 2,400 SF building on a 2,912 SF lot, Class B, extensively renovated in 2021, with seating for 75 patrons.
  • Offered at $809,000, representing a 24% cap rate and $337.08/SF.
  • Single-tenant, fee-simple ownership.

Property Details for 105 Main St

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Class
B
Year Built/Renovated
1970/2021
Buildings
1
Stories
1
Units
1

Location Insight

City
Endicott
County
Broome
State
New York
Latitude
42.09531
Longitude
-76.0657074
105 Main St, Endicott, New York

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105 Main St
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