13334 State Route 38Richford, NY 13835

Property Details for 13334 State Route 38

Year built

1970

Lot size

1.18 AC

Property size (Sq ft)

1,280 SF

Zone code

ZONE

Property type

Turn key restaurants

APN

493200 11.14-1-20

APU

4932001114120

Description

This exceptional opportunity presents the chance to acquire the beloved Red Rooster Diner, a thriving, locally-owned restaurant in Richford, NY. Situated on a 1.18-acre lot at 13334 State Route 38, this 1,280 square foot establishment boasts a prime location near the intersection of Routes 38 and 79, benefiting from approximately 3,500 daily vehicles passing by. The diner's welcoming atmosphere and home-cooked meals have made it a community cornerstone since 2018, offering both dine-in and carry-out services with a seating capacity for 56 guests. Ample parking is available, accommodating 40+ vehicles. The sale includes the building, the established business, and a comprehensive inventory of recently upgraded commercial appliances and equipment, representing a significant investment already made. This turnkey operation is ready for a new owner to continue its successful legacy or implement fresh ideas. The substantial road frontage and high traffic count provide excellent visibility and accessibility, ensuring continued success for years to come. This is a rare chance to own a profitable business with a strong community presence and significant potential for growth. The asking price is $150,000.

• CAP approach

  CAP return

  Valuation

  6%

  $303,847

  6.5%

  $280,474

  7%

  $260,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $294,685

  Geo Method

  $421,457

• Alternative Use

  Use

  Valuation

  Residential

  $236,590

  Hospitality

  $216,715

  Educational

  $180,305

  Medical

  $186,506

  Retail

  $280,474

Location Insight

City

Richford

County

Tioga

State

New York

Latitude

42.3584

Longitude

-76.1998

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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