CENTURY 21 Chesser Realty
607-432-7653
416 Chestnut Street
Oneonta, NY 13820

44681 State Highway 28, Margaretville, NY 12455 - MLS# 110134

$750,000

OPPORTUNITY TO OWN A THRIVING AND POPULAR LOCAL RESTAURANT/BAR: If you are ambitious and willing to work hard, this is the option you have been waiting for. The owners have built this business up to the point where nightly, cars fill the parking lot and line Rt 28 to get in--I'm not making this stuff up! They have reached this success level with a formula featuring wood-fired pizza, great hamburgers, sandwiches, other specialties and a fabulous craft beer selection at the bar. It is time for someone else to now take the reins--either continue with this winning formula or take the business to the next level! And why are they selling--simply that they are tired and want to move on to the next thing--after all, they have been doing this for more than 15 years! For a qualified buyer, they are willing to hold paper, and train the next owners. Some of the details of the setup--32 seats inside the restaurant, 28 seats outside, and 10 seats at the bar. Two installed wood-fired pizza ovens, full kitchen, walk-in. Also, owners have kept up with regular building maintenance, new wood floors, efficient heating and cooling and a recent septic system, to name a few. In short, this is a winner for the right buyer, so call for other details and we'll walk you through it.

General Features

  • County: Delaware
  • Property Type: Commercial
  • Property Subtype 1: Commercial
  • Zoning: Commercial
  • Current Use: restaurant and bar
  • Possession: at closing

Exterior Features

  • Acres: 3.4200
  • Lot Measurement: Acres
  • Lot Size Source: (Tax Records)
  • Lot Square Footage: 148,975
  • Construction: Frame
  • Docks: No
  • Foundation: Slab Foundation
  • Insulation: Yes
  • Out Building: gararge & cottage
  • Over Head Doors: No
  • Roof: Asphalt Shingle
  • Parking: yes
  • RR Side: No

Interior Features

  • Bedrooms: 0.00
  • Half Bathrooms: 2
  • Square Footage: 2,550
  • Square Footage Source: Estimated
  • Elevator: No
  • Floors: Wood

Utility Features

  • Electric: 200 Amps, NYSEG
  • Heat/Cool Types: Electric Heat,Heat Pump,Pellet Stove,Woodstove
  • Sewer: Septic System
  • Water: Well

Financial Features

  • Terms: None
  • Assesment: 129900.00
  • Tax Id: 285.-2-5.2
  • Est. Gross Income: 812822.00
  • Est. Net Expense: 0.00
  • Inventory: included, separate list
  • School Tax: 1142.00
  • Town/County Tax: 1339.00
  • Village/City Tax: 0.00
  • Water/Sewer Fee: 0.00
  • Lease Type: Net
The listing information for 44681 State Highway 28, Margaretville, NY 12455 was graciously provided by our friends at the listing brokerage, Keller Williams Upstate NY Properties

Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on CENTURY 21 Chesser Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. CENTURY 21 Chesser Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 11/19/2017 at 8:30pm