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28856140
28856163

300 Watkins Rd, Horseheads, NY 14845 For Sale

AM
NY 10401383540
Keller Williams NY Realty
Listed by Keller Williams NY Realty
$459,000
223 days on market
Updated 113 days ago

Sugar & Spice Restaurant

Details
Property Type Business for Sale
Sub Type Business and Building
Square Footage 2,144
Units 1
Cap Rate 11.98%
NOI $55,000
Tenancy Single
Pro-Forma Cap Rate 20.11%
Pro-Forma NOI $92,300
Price per SqFt $214
Class A
Year Built 1990
Buildings 1
Acreage 0.550
Zoning Commerical
Investment Type Owner/User
Occupancy Date 12/10/2025

Turn Key Restaurant

Marketing description

Turnkey restaurant and real estate opportunity in the heart of Horseheads, NY. The Sugar & Spice Restaurant offers a rare combination of prime location, established goodwill, and included assets — making it an ideal acquisition for restaurateurs, investors, or franchise operators.

The property features a fully equipped commercial kitchen, dining space, and fixtures, all included in the sale. Beyond the real estate and equipment, buyers gain the benefit of brand recognition, loyal clientele, and a non-compete covenant from the seller.

With EBITDA and NOI analysis completed, this listing is positioned not just as a property, but as a cash-flowing business with strategic upside. Investors will appreciate the ability to leverage existing operations while exploring growth opportunities such as expanded hours, catering, delivery, or rebranding.

Investment highlights

Highlights:

  • Asking Price: $459,000

  • Includes real estate, equipment, goodwill, and non-compete

  • High-visibility location in Horseheads, NY

  • Average NOI: $50,964

  • Cap Rate: ~11.1%

  • Ideal for owner-operators, investors, or franchise expansion

This is more than a restaurant sale — it’s a strategic investment opportunity with built-in value and growth potential.

Listing Contacts

AM
NY 10401383540
Keller Williams NY Realty
Listed by Keller Williams NY Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,000.00
$4,583.33/mo

Valuation Metrics

0
DSCR
11.98%
Cap Rate
11.98%
ROI

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Additional Information

Name
Andrew Mitchell
License
10401383540
Brokerage
Keller Williams Stfl
Brokerage Phone
6077359000
Title
Real Estate brokler
Brokerage Address
21 East Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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