114-116 Main St - Storefront Retail/Residential FOR SALE


Groton, NY 13073
$450,000 USD
817-627-5788
114-116 Main St, Groton, NY for Sale
$450,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

114-116 Main St
Groton, NY 13073


HIGHLIGHTS

  • The 5,016 SF building, built in 1875, includes a tavern, two apartments, and a third floor for storage or flexible use.
  • The property was fully restored in 2023 with an Irish pub theme, featuring a new bar, furniture, and updated kitchen and equipment.
  • It is centrally located in Groton with frontage on Main Street and convenient parking in the adjacent village lot.
  • Farrell’s has been a beloved community gathering spot for decades, offering strong long-term appeal.

OVERVIEW

Introducing Farrell’s Bar and Grill, a Groton, New York landmark that is steeped in history and tradition. This 5,016-square-foot building was built in 1875 and has had a tavern on the first floor since its inception. Along with the beautiful bar room, there is an additional deck space with direct bar access. In addition, it has two apartment spaces on the second floor, and a third floor which can be used for storage or various purposes. This property has ample parking spaces in the village lot next door and on Main Street, directly in front of the establishment. Historically a Gentlemen’s Club, the historic property has been known as “Farrell’s” for several decades. The bar was restored in 2023 to the traditional Farrell’s Irish pub theme. Some recent updates include a custom-built bar with hardwoods including a solid cherry top, repainting to its traditional green and gold, new bar room furniture (tables, chairs, and bar stools), and pool table (cues, stand, and balls). The kitchen and bar have also been refreshed with bar equipment (bottle coolers, an ice machine and basin, a three-bay sink, and a hand sink) kitchen equipment (a Vulcan gas range, fryers/baskets, a microwave, a low boy fridge and freezer, and a utility/hand sink), as well as other structural restorations. The bar and kitchen are completely outfitted with the essentials needed to serve customers, including glassware, flatware, plates, bowls, serving baskets, etc. The full-service bar and restaurant accommodate a total occupancy of ±72 patrons. Farrell’s is¬ an icon and an integral part of the community that has been able to accommodate a wide demographic. Its central location and proximity to local businesses has contributed to the unique characteristic of the area. This flagship, essentially turnkey business opportunity, has been serving the Village of Groton and surrounding area for most of the last 150 years, it will continue to be the focal point of family and community celebrations.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Farrell's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1875

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

GC

APN/PARCEL ID

502801-005-000-0005-005-000-0000

ASK ABOUT THIS PROPERTY

Diane SimmmonsDNCRL, LLCMore Info
817-627-5788

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Diane SimmmonsDNCRL, LLCMore Info
817-627-5788

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