15903 State Route 30Constable, NY 12926

Property Details for 15903 State Route 30

Lot size

0.33 AC

Property type

Bars

Property subtype

Pubs

APN

163600 56.1-1-17

APU

163600561117

Description

This exceptional investment opportunity presents the Constable Pub, a well-established business operating for over 60 years at 15903 State Route 30, Constable, NY. The 3,500 square foot building sits on a 0.33-acre lot and offers a unique blend of commercial and residential income streams. The pub itself has undergone significant improvements in recent years, including a new metal roof and siding installed within the last decade. The kitchen was fully updated and brought into code compliance in 2009, ensuring smooth operations. A complete remodel of the interior restaurant and bar areas was completed in 2011, enhancing the overall aesthetic and functionality of the space. Adding to the property's appeal are two residential units located on the second floor: a one-bedroom studio and a two-bedroom apartment, generating a combined monthly rental income of $900. This turnkey operation presents a rare chance to acquire a profitable business with immediate cash flow potential and significant upside. The property's prime location on State Route 30 ensures high visibility and accessibility for patrons. This is an ideal opportunity for an entrepreneur seeking a well-established business with additional rental income, or an investor looking for a strong return on investment in a thriving community. The asking price is $190,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,121,200

  6.5%

  $3,804,180

  7%

  $3,532,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,966,500

  Geo Method

  $1,953,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,457,810

  Mixed-Use / Specialty

  $3,774,750

  Hospitality / Lodging

  $2,748,740

  Office

  $3,735,790

  Institutional / Educational

  $3,918,540

  Residential Income

  $4,584,690

  Multifamily

  $5,586,640

  Automotive / Energy

  $3,358,750

  Parking / Income-Based Land

  $1,174,750

  Restaurant / Food Service

  $1,929,400

  Healthcare / Senior Housing

  $3,887,210

Location Insight

City

Constable

County

Franklin

State

New York

Latitude

44.93

Longitude

-74.2986

CBSA code

31660

CBSA name

MALONE, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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