900 State StOgdensburg, NY 13669

Property Details for 900 State St

Year built

1968

Lot size

0.28 AC

Property size (Sq ft)

4,642 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

401200 59.023-4-1

APU

4012005902341

Description

This exceptional investment opportunity encompasses a thriving, fully operational restaurant located at 900 State Street, Ogdensburg, NY, along with an adjacent single-family home at 314 Canton Street. The restaurant boasts approximately 2,940 square feet of space and includes all kitchen equipment, a walk-in cooler, and multiple freezers. Everything needed to continue operations immediately is included in the sale. The sale also includes the land and building of both properties. The 0.18-acre lot provides ample space for the restaurant and the adjacent home. Note that the tax records do not accurately reflect the square footage of the restaurant. This combined property offering presents a unique chance to acquire a profitable business and a residential property simultaneously. This listing is part of a larger five-parcel package sale (MLS# S1448742), with supporting tax documents, property information, and maps available for review. The asking price for this combined property is $299,000. Owner financing may be available, making this an even more attractive proposition for qualified buyers. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Detailed financial information and supporting documentation are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,695,123

  6.5%

  $1,564,729

  7%

  $1,452,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,538,714

  Geo Method

  $1,528,440

• Alternative Use

  Use

  Valuation

  Residential

  $1,319,907

  Hospitality

  $1,209,028

  Educational

  $1,005,897

  Medical

  $1,040,491

  Retail

  $1,564,729

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.6912

Longitude

-75.4868

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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