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Prime Restaurant and Storefront on Main St 187 Main St 550 - 2,850 SF of Retail Space Available in Unadilla, NY 13849
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 550 SF | 1-5 Years | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $9,213 CAD/YR $767.76 CAD/MO | Full Service | ||
| 1st Floor, Ste B | 2,300 SF | 1 Year | $14.56 CAD/SF/YR $1.21 CAD/SF/MO $33,487 CAD/YR $2,791 CAD/MO | Modified Gross |
1st Floor, Ste A
550 SF STOREFRONT listed for $550/month: Next to the former pizzeria there is a vacant storefront that was formerly used as a coffeeshop. It has a commercial sink and hookups that would accommodate a range of uses. The bathroom is in excellent shape the the storefront has excellent visibility in one of the most iconic buildings in Unadilla.
- Rate includes utilities, building services and property expenses
1st Floor, Ste B
2,300 SF PIZZERIA UNIT listed for $2,000/month (includes equipment): Housed in one of the most iconic buildings in Unadilla and former home of Panni Pizzeria & Restaurant, this commercial storefront includes a commercial kitchen, dining space, and good exposure to foot traffic on Main Street in Unadilla. Incredible value with use of kitchen including two Blodgett stone pizza ovens, a Hobart dough mixer with varied attachments, six burner stove with hood system, walk-in cooler, triple wash sinks, stainless & refrigerated prep surfaces, and much more. Everything you need to get momentum running your own restaurant or pizzeria. Organize with the basement storage space including a refrigeration and walk-in freezer space. There are tables and chairs for dining guests with a large open space for eating in. The drink bar is separate from the baking area for efficiency. Two public bathrooms and a utility closet complete the package. Front entry for the public, rear entry for employees. Two access points to the basement storage areas. There is parking in the rear with handicap access. Well situated in the middle of Unadilla, this commercial space is ready, just bring the entrepreneurial spirit! Tenant responsible for all utilities and any snow removal above and beyond the normal scope of removal provided by the landlord.
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT PRIME RESTAURANT AND STOREFRONT ON MAIN ST
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- East Meets West Martial Arts
- Fitness
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| East Meets West Martial Arts | Fitness | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,850 SF | Gross Leasable Area | 10,145 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Storefront |
| Total Space Available | 2,850 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,145 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
Complete package with pizzeria. Here is a rare opportunity to own a piece of history and generate good cash flow. This iconic building features four units on the 1st floor with two current tenancies with a monthly income of $1500. The rentable space could earn an additional $2,500/month. The gem is a former pizzeria including two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, six burner stove/hood, walk-in cooler, triple wash sinks, stainless & refrigerated prep surfaces, & more. Full basement storage space including a refrigeration & walk-in freezer. Tables and chairs for dining guests with a large open space for eating in, two public bathrooms, and handicap access. The other three units are storefronts with good exposure to Main St. The second floor, with proper updates, will be a stunning with 20’ ceilings, wood floors, and enormous windows. It has a bar and kitchen area, and rooms that can be converted into rentable shops or apartments. Ideal for local commerce with parking spaces behind plus a large adjacent town parking lot. The potential cap rate is 10%+ just from the 1st floor once fully rented. The upstairs is a bonus. Here is a chance to own a restaurant and receive cash flows from the tenants, or to create a destination spot that adds value to the entire community.
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Prime Restaurant and Storefront on Main St | 187 Main St
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