5616 State Route 5 Highway

Herkimer, NY
$ 160,000 Beds 0 Baths 0 Sq 4,414 Virtual Tour
Monthly Estimate* How much can I afford?

This is an excellent opportunity to own a commercial space just outside the village of Herkimer that already has a stable lease income. Previously the beloved Donna's Diner, this restaurant space is ready for a new owner to bring it back to life. Restaurant is coming fully equipped and all furniture conveys. With a little elbow grease, this could be a turn-key situation for a motivated buyer. New flooring purchased and on-site for the dining area. Upstairs offers a two bedroom apartment that could generate additional income or be an option of residence for a new owner. Spectrum building and two billboards generate nearly $5k a year in current income. Owners will not hold the mortgage on this - cash or loan only. Serious inquiries only. Let's get another great eatery back in Herkimer!

Commercial

  • Price
  • $ 160,000
  • Lot Size
  • 2.4 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 4,414
  • Full Bathrooms
  • 0
  • Year Built
  • 1950
  • Half Bathrooms
  • 0
  • City, Zip
  • Herkimer
  • Taxes
  • $ 5227
  • County
  • HERKIMER
  • Style
  • Business
  • Area
  • Herkimer
  • MLS#
  • S1351915
  • Zip
  • 13350
Listing Provided by: Megan Marolf with MM Real Estate Services
Data Source: Central New York Information Services (CNYIS) - 14- NY

Features

General

Basement Full
Co-Listing Agent State License # 10401339629
Construction Materials Block
Electric 240 Volts
Elementary School District Herkimer
Flooring Carpet, Linoleum, Vinyl
Heating Electric, Gas, Baseboard, Forced Air
High School District Herkimer
Levels Two
Listing Agent State License 10371201683
Location Business District
Lot Size Square Feet 104544
MLS Area Herkimer-213089
Middle/Junior School District Herkimer
Possible Use Restaurant
Property Sub Type Additional Business, Commercial
Property SubType Business
Property Type Commercial Sale
PropertyCondition Resale
Roof Asphalt
Special Listing Conditions Standard
Status Active
Stories 2
Terms Cash
Total Rooms 5
Township Not Applicable
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1351915
Zoning C
Zoning Description Commercial

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 4414

Exterior Features

Lot Dimensions 676X270
Lot Features Irregular Lot
Lot Size Acres 3.7
Lot Size Area 3.7
Lot Size Units Acres
Number of Buildings 1
Parking Features Driveway
Total Parking 25

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the New Hartford, NY office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/14/2021 Listed $175,000
10/7/2021 9% - $160,000

Property vs Zip Code Average in 13350

Price
AVG $390K
$160K
Taxes
AVG $9,480
$5,227
Visits
AVG 37
10
Year Built
AVG 1947
1950
Walkscore
AVG 65
8
Data Provided by Walkscore ® not using MLS data

Map

5616 State Route 5 Highway Herkimer, NY is a Single Family Home for sale at $160000 with 4414 sqft and a lot size of 2.4 Acres Acre(s). 5616 State Route 5 Highway Herkimer has 0 bedrooms, 0 baths and was built in 1950. The property's zip code is 13350 which is in Herkimer, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.