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Farrell's 114-116 Main St

5,016 SF Vacant Retail Building Groton, NY 13073 £371,664 (£74/SF)

Investment Highlights

  • 1,500 sq ft of Bar and Kitchen space
  • 1,150 sq ft of apartment space upstairs, 2 units.
  • 1,500 sq ft of Basement storage
  • 866 sq ft of Third Floor storage

Executive Summary

This is an opportunity not to be missed! Here is your opportunity to own a piece of history. This building is a three story brick, circa 1870s. The building's first floor has always been a pub, tavern or bar and at its inception was a Gentlemen's Club. It has been transformed into a fully equipped Irish themed bar with kitchen. The bar is a freshly painted beautiful Irish green and gold with a unique custom stamped ceiling displaying iconic shamrocks. The outdoor deck is a perfect spot to enjoy pleasant days. Parking is available in the Village lot right next door to the building or on the street right out front. The local residents are anxiously anticipating the reopening of their beloved pub. They'll be lined up at the door for the Grand Opening!
In addition, on the second floor, there are two apartments available with estimated combined income of $2000/month. Both second floor spaces have the potential for multi functional use. The front space has a lovely view of Main Street through the spectacular four panel seven foot bay window. The kitchen has two doors that open into the main chamber with its twelve foot ceilings. The back apartment is cozy with an ample kitchen area and has a walk in closet. Back in the day, the third floor was a ball room with a twelve foot ceiling. With TLC, it could be restored to its original glory and/or become an amazing multi functional space, or a luxury apartment...... This building has endless possibilities.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,016 SF
Building Class
C
Year Built/Renovated
1875/2023
Price
£371,664
Price Per SF
£74
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Building FAR
1.92
Lot Size
0.06 AC
Frontage
25 ft on Main Street

Amenities

  • Signage
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
502801-005-000-0005-005-000-0000
Land Assessment
£7,825
Improvements Assessment
£148,666
Total Assessment
£156,490
  • Listing ID: 33872037

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 114-116 Main St, Groton, NY 13073

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