1157 N Main Street, Elmira, NY 14901 | MLS #R1674430 | HUNT Real Estate
 
  • 70 days on site
  • 2 views

After years of building a beloved, and highly successful restaurant, the current owners are ready to retire, and pass the torch to the next passionate operator. This is a rare opportunity to step into a well-established business, where both staff and customers have created a true “family” atmosphere. The restaurant is being offered fully equipped and completely turnkey—everything needed for a seamless transition to continue operations is included in the sale. From walk-in coolers and freezers to cookware, fixtures, and equipment, all assets convey, allowing a new owner to hit the ground running. Adding even more value, the sale includes a fully functional apartment next door—perfect for owner occupancy or as an income-producing rental to offset expenses, and boost overall returns. To ensure a smooth and successful transition, the current owner is willing to stay on for a period of time to assist the new owner. The current owners are locals, and look forward to becoming customers, and continue to see all the friends they made at the restaurant. If you’ve been waiting for the right opportunity to own a thriving restaurant with a strong community presence, this is it. Step into a business built on quality, loyalty, and heart—and carry on its legacy know as 1157 North.

Source: New York Alliance, MLS#: R1674430

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  • Property Type
    Commercial Sale
  • Lot
    0.15 acres

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  • Median Age
    37
  • Population Density
    408
  • College Educated
    23%
  • Estimated Median Income
    $33,783
  • Estimated Total Home Owners
    2,923
  • Estimated Total Renters
    2,461
  • Owner / Renter Divide
    54% / 46%
  • Estimated Average Household Size
    2
  • Total Population
    15,581
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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