Homes for sale - 3231 Seneca TPKE, Canastota, NY 13032

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Michael Miceli

michael.miceli@westlightrealestate.com +1(315) 591-6101

$ 1,999,900

Est. payment | -/mo

17,040 SqFt

Save Virtual Tour

$ 1,999,900

Est. payment | -/mo

Save Virtual Tour

17,040 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 17,040 sqft

Price per Sqft $117

MLS Listing ID S1605762

Construction Status Existing

HOA Y/N No

Year Built 1948

Annual Tax Amount $25,161

Lot Size 3.190 Acres

Acres 3.19

Lot Dimensions 233X641

Property Sub-Type Commercial

Property Description

This iconic and popular restaurant, known as Theodore's Restaurant, provides a TURNKEY opportunity to own a well established property on Seneca Turnpike (Route 5) between Canastota and Syracuse NY. This venue boasts 17,040 square feet and has served the community for over 45 years, being recognized as a local landmark. The restaurant, with four unique dining areas, including a bar and cocktail lounge, has ample event space. This includes 2 banquet/reception halls with each seating 150-200 people, one of which has a stage with new LED lighting to enhance live performances. With the great versatility of these rooms, you will find that they are suitable for a variety of events. These include wedding receptions, rehearsal dinners, baby/bridal showers, corporate meetings, celebration of Life, veteran brunches, class reunions, holiday parties, club meeting and graduation parties! Mother's Day 2025 weekend, the Dinner Theatre drew over 400 participants! All areas feature new LED lighting and chandeliers. The fully equipped State-of-the-Art commercial kitchen is ideal for large-scale catering and event hosting. The facility has 7 bathrooms. There is ample parking, too, accommodating over 250 cars.
Whether using this facility as a restaurant , event venue or redevelopment opportunity, you'll find the flexible multi-use potential, along with its accessible and highly visible location an asset. Its space, infrastructure and goodwill to support a wide variety of commercial uses, such as an EVENT CENTER, make this a gem of a venue and a golden opportunity for the buyer!!

Location

State NY

County Madison

Area Lenox-253689

Zoning CM

Direction From Chittenango- Rt. 5E, property will be the left From Canastota- Rt. 5W, property will be on the right

Rooms

Basement Partial

Interior

Heating Gas, Propane, Zoned, Baseboard, Forced Air

Cooling Zoned, Central Air

Flooring Carpet, Linoleum, Other, See Remarks, Vinyl

Inclusions Equipment, Inventory, Land and Building, Land, Building and Business

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected

Roof Type Asphalt

Handicap Access Accessible Approach with Ramp

Total Parking Spaces 250

Building

Lot Description Irregular Lot

Building Description Blown-In Insulation,Concrete,Wood Siding, Other,See Remarks

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Blown-In Insulation,Concrete,Wood Siding

Construction Status Existing

Schools

High Schools Canastota High

School District Canastota

Others

Tax ID 253601-043-008-0001-003-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1605762

Listed by Hunt Real Estate ERA

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(315) 591-6101

michael.miceli@westlightrealestate.com

19 Mccracken Drive, Oswego, New York, 13126, USA

3231 Seneca TPKE Canastota, NY 13032