Available

NY Destination Goldmine – Gas Station, C - Store, 3-Story Restaurant & Apartment Complex with Real Estate Included

$6.500.000

  • 12742
  • Saratoga, New York

Financial Information
Gross Sales $2.700.000
Asking Price $6.500.000
Net Cash Flow $850.000
Property Information
Category Business With Real Estate
Headline NY Destination Goldmine – Gas Station, C - Store, 3-Story Restaurant & Apartment Complex with Real Estate Included
Description

NY Destination Goldmine – Multi-Income Gas Station, Restaurant, Retail & Residential Opportunity with Real Estate | Asking $6.5M

Rare opportunity to acquire one of the most unique and recognizable commercial properties in the New York market. This fully owner-operated destination property includes a high-volume gas station, convenience store, 3-story restaurant, additional retail/commercial space, and apartment/office-style living quarters — all included with the real estate.

Strategically positioned as the first gas station and restaurant travelers see entering this area from the highway, the property benefits from tremendous tourism exposure and year-round traffic. Located directly across from a busy mini golf attraction and only minutes from The Village and the lake itself, this site sits in the center of one of Upstate New York’s strongest seasonal tourism markets.

Ownership has invested approximately $4.3 million into the property since 2007, including land acquisition, 25,000 gal. underground double wall tanks, fuel infrastructure, restaurant expansion, commercial additions, and continuous modernization. Nearly $2 million alone has been reinvested over the past 5 years to create a standout destination atmosphere featuring custom LED lighting, imported stone finishes, artificial palm trees, rooftop seating, and a unique Middle Eastern/Caribbean-inspired design.

The business currently generates combined gross revenue of approximately $2.7M++ annually with strong cash flow of approximately $850K++.

Additional upside exists through the mixed-use retail, office, and apartment component of the property. Leasing the additional commercial and residential space can further increase both revenue and overall cash flow for an owner/operator or investor.

Property Features Include:

  • 6 fuel pumps (2 Diesel) (in ground tanks are double wall fiber 17 Yrs old)
  • Fully operational convenience store (2000 sq. ft)
  • Fully operational 3-story restaurant (4100 sq. ft)
  • Rooftop seating, outdoor deck seating & indoor dining
  • Large walk-in cooler with 21 glass doors & 3 compressors
  • Additional retail/commercial space for future income potential
  • Newly constructed mixed-use retail, office & apartment building (built in 2021)
  • Approx. 825 SQFT first-floor retail/commercial space ideal for additional rental income
  • Second-floor apartment/office configuration featuring bedrooms, offices, kitchen, bathroom & living area
  • Apartment/office-style upper level with kitchen, bathroom, multiple rooms & living area
  • Approximately 22 parking spaces plus pump parking
  • 4 bathrooms total on-site

Fuel volume remains very strong seasonally, with approximately 400,000 gallons sold annually. The business also benefits from being one of the only late-night operations in the area, remaining open until 2 AM while most competitors close much earlier.

 

The restaurant has built a strong local and tourist following, generating approximately $30K–$40K monthly during slower winter months and exceeding $100K–$150K monthly during peak summer season.

Additional upside exists from a nearby 400-unit apartment development currently under construction, which is expected to significantly increase future year-round traffic and customer base.

Commercial properties of this scale and visibility in this area rarely come available. This is an ideal opportunity for an investor, operator, hospitality group, or partnership looking to acquire a true destination asset with multiple income streams, strong tourism exposure, and long-term growth potential.

Asking Price: $6.5 Million

Serious inquiries only. NDA, proof of funds, and buyer qualification required.

Overview
Property ID: 12742
Type: Business With Real Estate
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