8 Main StBinghamton, NY 13905

Property Details for 8 Main St

Year built

1950

Lot size

0.04 AC

Property size (Sq ft)

4,356 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 160.40-1-26

APU

3020016040126

Description

Despina's Mediterranean Taste, a thriving Binghamton, NY restaurant, is available for purchase. Established in 2008, this popular lunch spot boasts a strong reputation built on its commitment to organic ingredients and exceptional cuisine. The business has cultivated a loyal clientele of downtown professionals and residents, ensuring a consistent stream of customers. This sale presents a unique opportunity to acquire a well-established and profitable business, ready to operate immediately. The sale includes the entire business operation, encompassing all aspects of the restaurant's success. This turnkey opportunity transfers the established brand, goodwill, and all existing furniture, fixtures, and equipment (FF&E). The buyer inherits a fully operational restaurant, eliminating the need for extensive setup and allowing for immediate revenue generation. Financial details are available upon request, providing prospective buyers with a comprehensive understanding of the business's profitability and potential for future growth. This is an exceptional chance to own a successful, organic-focused restaurant in a vibrant downtown location. The sale price is $130,000. Serious inquiries only. The property itself is not included in this sale.

• CAP approach

  CAP return

  Valuation

  6%

  $672,349

  6.5%

  $620,630

  7%

  $576,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,016

  Geo Method

  $569,155

• Alternative Use

  Use

  Valuation

  Residential

  $769,581

  Hospitality

  $704,932

  Educational

  $586,495

  Medical

  $606,665

  Retail

  $912,325

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.099

Longitude

-75.9171

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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