Successful Family owned, "turn-key," established restaurant business for 40 years. This well cared for restaurant, in the busy village, is selling both building and business with all equipment & fixtures (see attached list). The current owner is open 6 days a week with a steady flow of customers and limited competition within the market. Plenty of parking on both street and rear parking lot of building, full basement for storage & office. Owner will not consider any leasing options. Lower half of building is owned, not top half. ADDITIONAL 1578 SQUARE FOOTAGE IN BASEMENT INCLUDING AN OFFICE. Financials available with non-disclosure agreement. Showings to be Saturday & Sunday after 3:30 and any time on Monday. Preapproval is a must!
Also listed as R1609842. Presenting a rare opportunity to acquire a distinguished and highly sought-after “PRIME” piece of real estate, renowned within the community and boasting a loyal clientele built over 60 years. This prime property, situated in a high-traffic area, promises a lucrative investment with substantial potential for continued success. The building encompasses 8,298 sq. ft. and features: Versatile Retail Spaces: 2 or 3 ground-floor retail spaces ideal for a variety of uses including a store front, hair salon, restaurant, or event space with expansive front windows, ensuring maximum visibility and appeal. Residential Units: 3 spacious upper-level apartments, each offering comfort and convenience with the added benefit of an open deck at the rear. Looking to start a business? Let the rental income from the apartments help cover your business space costs, making this an even more attractive investment. Upgrades include a new rubber roof installed in 2015 & new back stairs, ensuring durability and long-term value. Seize this exceptional opportunity to own a landmark property with a storied legacy and significant future potential.

Phelps is located in New York. Phelps, New York has a population of 6,733. Phelps is less family-centric than the surrounding county with 28.42% of the households containing married families with children. The county average for households married with children is 28.73%.
The median household income in Phelps, New York is $76,829. The median household income for the surrounding county is $70,694 compared to the national median of $69,021. The median age of people living in Phelps is 40.1 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 34.6 inches per year, with 59.7 inches of snow per year.