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Mixed-Use Commercial - Recession Proof Business
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 4 - 5
Inventory Contact seller.
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Owner will assist.
Reason for Sale Retirement.
Description Asking price $299,000; open to reasonable offers. Owner financing at a rate significantly lower than those offered by banks for a qualified buyer. This property has been in continuous operation since 1860. It was renovated in 2004. At a lighted intersection of the historic Black River Trial (Route 12), it is minutes by car from winter sports venues and fishing sites on the Black River. There are no zoning laws in the Village; expansion would not be a problem and a use other than the current one would not be an issue. The property for sale is sewer-connected and uses Village water. There is a 26' ax 44' barn that holds 4 cars. It has electricity and a cement floor. It is currently a source of income; a portion of it houses a bottle/can redemption center.
The first floor (2,140 sf) is configured as a restaurant and cocktail lounge. It is currently leased.and is run as a tavern. The Lessee is aware that the property is for sale and will vacate when a closing date is set. The commercial kitchen has been refurbished and brought up to code with a new Ansul system. There are two 1/2 baths on this level.
The buildings, all equipment, the land and the apartment transfer with the property. All the equipment is owned. If it is not used, it could easily be sold. This is an opportunity to purchase a true turn-key operation with spectacular living quarters. The current business is an authorized NYS Lottery Agent - another source of income.
The second floor (2,140 sf) currently used as owner's quarters, now consists of nine rooms including a state-of-the-art kitchen; billiard room, living room with fireplace, formal dining room, four bedrooms including the master suite with a huge walk-in closet, and 2 new full baths. A large yard has been fenced with no-maintenance vinyl for privacy and provides security for pets and small children. There is a dry, full basement with a cement floor which is used for storage.
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