316 Cornelia StPlattsburgh, NY 12901

Property Details for 316 Cornelia St

Year built

1983

Lot size

0.50 AC

Property size (Sq ft)

17,000 SF

Zone code

12

Property type

Strip malls

Property subtype

Neighborhood centers

APN

091300 207.17-1-15.2-2

APU

913002071711522

Description

This turnkey axe throwing business in Plattsburgh, NY, presents a unique investment opportunity. Currently operating successfully, the venue boasts seven throwing lanes, comfortable seating areas, and even dart facilities, providing a complete entertainment experience. The business has cultivated a strong local following, attracting both individual customers and corporate groups for team-building events. Its established online presence facilitates effective marketing and customer engagement. The monthly rent is $1,500, inclusive of all utilities. Insurance costs are $400 per month, and workers' compensation for one employee is $104 monthly. A separate tenant, a knife shop, contributes $400 in monthly rent. The business is poised for expansion, with opportunities to increase revenue through leagues, specialized events, or the addition of food and beverage services. Financial details are available upon request to qualified buyers. This is a rare chance to acquire a profitable, established business with significant upside in a growing market. The property is located at 316 Cornelia St, Plattsburgh, NY, and is priced at $65,000.

• CAP approach

  CAP return

  Valuation

  6%

  $6,207,904

  6.5%

  $5,730,372

  7%

  $5,321,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,635,099

  Geo Method

  $5,597,474

• Alternative Use

  Use

  Valuation

  Residential

  $4,833,784

  Hospitality

  $4,427,720

  Educational

  $3,683,811

  Medical

  $3,810,503

  Retail

  $5,730,372

Location Insight

City

Plattsburgh

County

Clinton

State

New York

Latitude

44.6993

Longitude

-73.4786

CBSA code

38460

CBSA name

PLATTSBURGH, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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