105 Main StEndicott, NY 13760

Property Details for 105 Main St

Year built

1960

Lot size

0.04 AC

Property size (Sq ft)

1,350 SF

Zone code

CBD

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

034601 157.13-1-32

APU

3460115713132

Description

This exceptional investment opportunity presents McCoy's Chophouse, a renowned fine-dining establishment in Endicott, New York. Located at 105 W Main St, this single-story, 2,400 square foot restaurant sits on a 2,912 square foot lot in a prime CBD location. Built in 1970 and extensively renovated in 2021, the property boasts a Class B rating and is currently operating at 100% occupancy. With seating for over 75 patrons, McCoy's Chophouse generated impressive sales of $2,235,585 in 2023, showcasing its strong performance and established clientele. The property benefits from a high daily traffic count of 12,611 vehicles and a Walk Score of 71, indicating excellent accessibility and foot traffic. Offered at $809,000, this represents a compelling core+ investment with a 24% cap rate and a price per square foot of $337.08. The property is privately owned, features a single tenancy, and is not subject to a ground lease. This is a rare chance to acquire a thriving, established restaurant in a vibrant, growing community within Broome County, NY. The property's location within a manufacturing hub, near companies like BAE, Amphenol, and iM3NY, further enhances its long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $216,847

  6.5%

  $200,167

  7%

  $185,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,350

  Geo Method

  $176,391

• Alternative Use

  Use

  Valuation

  Residential

  $248,207

  Hospitality

  $227,356

  Educational

  $189,158

  Medical

  $195,663

  Retail

  $294,245

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.0953

Longitude

-76.0649

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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