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1524 Valley DR - After 62 years of being the owners and operators of Luigi’s Restaurant, the family has decided to move on. Luigi’s is known throughout CNY for serving delicious homemade Italian food of the highest quality. Check out their website: http://luigisofsyracuse.com/home/2760895 . Luigi’s has a long list of loyal customers that appreciate this wonderful Restaurant and spread the word. The facility is in excellent condition, seats 100 people, and includes a private room for parties of up to 50. Catering and take out are also available. Gross annual income exceeds 1.2 million dollars. Net Operating Income is $250,000. If you are considering becoming a restauranteur, contact the listing agent; we can meet at Luigi’s and enjoy one of their signature dishes. Owner financing is available! Virtual Tour

Listing information

  • MLS® ID: S1005599
  • Status: Active
  • New Construction: No
  • Lot Area: 0.11
  • High School: Corcoran High
  • School District: Syracuse
  • Style: Other
  • Stories: 1
  • Foreclosure: No
  • Lot Size: 45x107
  • Elementary School: Edward Smith K-8
  • Subdivision: Valley
  • Year Built: 1950
  • Parking Type Description: Garage 0 cars
  • Total Square Footage: 2,400 ($312.50 per sq. foot)
  • Estimated Annual Taxes: $4,285
  • Neighborhood: South Valley

Features

Available Documents Certificate Of Occupancy, Equipment List, Liquor License, Operating Statements, Survey
Building Miscellaneous Booth(S), Carpet, Furniture/Equipment
Category Commercial
Construction Brick
Floor Description Carpet
Heating Fuel Description Gas
HVAC Type AC-Central, Baseboard, Hot Water
Income/Expense Information May Show Books, Provided By Accountants, Provided By Owner
Location Business District
On Waterfront Y/N 0
Operating Expenses Include Accounting/Legal, Advertising, Electric, Gas/Oil, Insurance, Licenses/Permits, Management, Other - See Remarks, Payroll, Repairs/Maintenance, Supplies, Utilities, Workers Compensation
Other Area NYSWIS Code - Syracuse City-311500, Businessis Franchise Y/N - 0, City Village Tax - 1134, First Mortgage Balance - 0, Gross Annual Income - 1200000, Living Quarters Y/N - 0, Lot Shape - Rectangular, Nearest Cross Street - Seneca Turnpike, Num Bedrooms 4th Floor - 0, Num Fireplaces Total Calculated - 0, Num Full Baths 4th Floor - 0, Num Half Baths 4th Floor - 0, Num of Buildings - 1, Num Years Established - 60, Office Square Feet - 2400, Property Type - Commercial/Industrial, School Tax - 1649, Seating Capacity - 100, Second Mortgage Home Equity Bala - 0, Total Num of Units - 1, Town County Tax - 1502, Transaction Type - Sell, Value Range Pricing Y/N - 0, Village - Not Applicable, Year Built Description - Existing, Zoning Code - Com
Parking Description Off Site
Public Transportation 1 Block
Roof Description Other - See Remarks
Sale Includes Building and Business, Land
Sewer Water Public Sewer Connected, Public Water Connected
Type Of Building Restaurant / Food
Type of Sale Normal
Listing Courtesy of Hunt Real Estate Era