6641 State Highway 58Gouverneur, NY 13642

Property Details for 6641 State Highway 58

Year built

1991

Lot size

0.34 AC

Property size (Sq ft)

2,400 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

405400 143.045-1-10

APU

405400143045110

Description

This exceptional 600-square-foot commercial property, situated on a 0.3-acre lot at 6641 State Highway 58 in Gouverneur, NY, presents a unique investment opportunity. Currently operating as a thriving restaurant and store known as Fisherman's Cove, this business boasts a loyal customer base drawn from the proximity to Pleasant and Black Lake. The sale includes all necessary equipment for immediate operation, eliminating the need for significant upfront investment. This includes a fryer, meat slicer, flat grill, walk-in cooler, shelving, refrigerators, freezers, tables, chairs, and a chlorination system. Inventory is available for negotiation. The property also features a 1000-gallon gas tank with a spare pump and a 10x20 storage building. Adding to its versatility, the existing office space was previously an apartment and could easily be converted back. The current owners are offering training to ensure a smooth transition and are willing to assist with financing options for qualified buyers with a substantial down payment. This turnkey operation offers a rare chance to acquire an established, profitable business with significant growth potential. The property's prime location and existing infrastructure provide a solid foundation for continued success. Don't miss this opportunity to own a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $739,284

  6.5%

  $682,416

  7%

  $633,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,322

  Geo Method

  $486,055

• Alternative Use

  Use

  Valuation

  Residential

  $682,416

  Hospitality

  $625,090

  Educational

  $520,067

  Medical

  $537,953

  Retail

  $808,994

Location Insight

City

Gouverneur

County

St. Lawrence

State

New York

Latitude

44.408

Longitude

-75.5939

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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