6 Main StBelfast, NY 14711

Property Details for 6 Main St

Year built

1920

Lot size

0.27 AC

Property size (Sq ft)

5,298 SF

Zone code

01 - NOT ZONED

Property type

Investment properties

Property subtype

Live-work space

APN

023400 105.10-2-1

APU

234001051021

Description

Prime commercial real estate opportunity in Belfast, NY, presents a unique chance to acquire a well-established bar and grill with an attached liquor store. This 5,298 square foot property, situated on Main Street, benefits from high visibility due to its location off State Route 19. The business boasts a successful history, currently operating as the only established bar and grill in the immediate area, and includes a spacious bar area, separate dining areas perfect for private events, and a popular weekly wing night and Friday fish fry. Upstairs, several rentable bedrooms, a meeting room, and an office generate additional income streams. The sale includes most kitchen and bar equipment, furniture, and beds. Outdoor amenities include horseshoe pits and ample parking. The property also features a mobile home, currently occupied by the seller, who will retain lifetime use. The building and business are sold as-is. This is a turnkey operation with significant potential for growth, ideal for an experienced hospitality entrepreneur. The asking price is $89,900, representing a price per square foot of $16.97. The property is zoned for commercial use and includes a mobile home for the seller's lifetime use. This is a motivated seller situation.

• CAP approach

  CAP return

  Valuation

  6%

  $961,020

  6.5%

  $887,095

  7%

  $823,731

• Comparable approach

  Method

  Valuation

  Relative Method

  $506,849

  Geo Method

  $333,297

• Alternative Use

  Use

  Valuation

  Residential

  $1,099,998

  Hospitality

  $1,007,592

  Educational

  $838,305

  Medical

  $867,135

  Retail

  $1,304,030

Location Insight

City

Belfast

County

Allegany

State

New York

Latitude

42.3445

Longitude

-78.1116

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].