108 Franklin St - Restaurant FOR SALE


Watkins Glen, NY 14891
$1,450,000 USD
607-368-8237
108 Franklin St, Watkins Glen, NY for Sale
$1,450,000 USD
Restaurant - FOR SALE
1/1
null | Request Cap Rate

108 Franklin St
Watkins Glen, NY 14891


HIGHLIGHTS

  • 100% Tenancy
  • Restaurant
  • 7 Apartments

OVERVIEW

OPPORTUNITIES LIKE THIS DON'T COME OFTEN IN THE HEART OF WATKINS GLEN! Known to locals as the "House of Hong" building, this property is a staple of the downtown landscape. You can own a piece of Watkins Glen history with this well maintained, mixed-use powerhouse. Historically known as the “Watkins Hotel” and located just two blocks from Seneca Lake, this building offers a rare blend of historical charm and modern financial stability. The first floor features a well-established bar and restaurant with a long-term lease. The operator covers all utilities and utilizes the basement for ample storage. The second and third floors house 7 fully occupied, stylish apartments. Renovated within the last decade, these units offer tenants coin operated laundry and private outdoor seating. Landlord covers cable, Wi-Fi, trash, water and sewer, tenants pay their own electric. Tenants enjoy ample street parking on 1st and 2nd Streets and the convenience of being close to everything. The second floor boasts one of only two outdoor seating areas that truly overlook the vibrant Franklin Street corridor. With a proven track record of 100% occupancy and prime location, this is the ultimate “set and forget” investment. Interior photos are a sample from when renovations were done. Please ask your agent for the Rental Information Sheet. ATTRACTIVE OWNER FINANCE OPTION! Down Payment: $300,000, Term: 30 Year, Interest 6%!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,045 SF

ZONING

NA

APN/PARCEL ID

442401-065-045-0001-013-000-0000

ASK ABOUT THIS PROPERTY

Shawna LottFranzese Real Estate, LLCMore Info
607-368-8237

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Shawna LottFranzese Real Estate, LLCMore Info
607-368-8237

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.