1702 Ford StOgdensburg, NY 13669

Property Details for 1702 Ford St

Year built

1985

Lot size

0.77 AC

Property size (Sq ft)

3,760 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

401200 48.064-4-2.11

APU

401200480644211

Description

The Bayside Bar & Grill, a thriving and established business located at 1702 Ford St, Ogdensburg, NY, is now available for purchase. This turnkey operation boasts a prime location overlooking the St. Lawrence River, offering breathtaking views of the river and Canada. The 3,760 square foot building sits on a 0.77-acre lot and has undergone tasteful interior and exterior updates since its opening in 2018, creating an inviting and modern atmosphere. The custom-built hickory bar, updated recently, seats 15 patrons, each enjoying stunning river views. An impressive outdoor space features a gas fireplace, a bar/tiki area, large stone slabs forming a walkway, and a spacious covered dining area, all enhancing the million-dollar view. The property's strategic location provides easy access to key attractions: the Ogdensburg-Prescott International Bridge is less than 5 minutes away, Ottawa, Canada is a 50-minute drive, the Thousand Islands are 40 minutes away, and the Lake Placid and Adirondack areas are approximately 2 hours away. This exceptional opportunity presents a chance to acquire a well-established, successful business with a strong customer base and significant growth potential. The asking price is $749,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,373,042

  6.5%

  $1,267,424

  7%

  $1,176,893

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,246,351

  Geo Method

  $1,238,030

• Alternative Use

  Use

  Valuation

  Residential

  $1,069,119

  Hospitality

  $979,307

  Educational

  $814,772

  Medical

  $842,794

  Retail

  $1,267,424

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.7054

Longitude

-75.4766

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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