Rare Dual-Lot Opportunity: Thriving Commercial Restaurant + Elegant Residence.
Unlock the full potential of this exceptional two-lot offering located in a vibrant, highly visible area—just located in Cooperstown, NY – perfect for entrepreneurs, investors, or those seeking the ultimate live/work lifestyle.
Lot 1: Established Restaurant with Expansion Potential. Turnkey business opportunity with this popular, locally loved restaurant, operating in a high-traffic location. The property offers a fully compliant commercial kitchen, indoor and outdoor dining, and a loyal customer base already in place. Adjacent to the restaurant is a versatile, finished area with loads of options: – Use as a one-bedroom apartment for additional rental income -Expand the dining or event space to increase revenue -Build out as a professional office, ideal for a variety of business types.
Lot 2: Lovely Home with Proven B&B history. Just steps away, this beautifully maintained 3-bedroom, 4-bath home offers charm and flexibility. With a history as a successful Bed & Breakfast, this residence is ideally positioned for hospitality income—or continue its current use as a gracious single-family home. Highlights include: -Period details and modern comforts -Bedrooms with a private baths -Walkable to neighboring property for a seamless live/work experience -Ample parking -Otsego Lake Rights at Springfield Landing.
Together, these properties offer multiple income streams, and strategic flexibility. Live in the home while running your business, lease out one or both for maximum ROI, or bring your own vision to life with expansion-ready spaces. With flexible zoning and room to grow, this property is a rare opportunity for entrepreneurs, investors, or creatives looking to thrive in a scenic, high-traffic area close to major cultural and tourist destinations.
A unique investment. A lifestyle opportunity. A canvas for your next chapter.
Please see MLS#R1641114 to view residence associated with this remarkable opportunity.
Directions: From US-20, turn south onto NY-80. Follow approx. 1.2 miles, property on the right. see sign.
From Cooperstown, follow Chestnut to Lake St. Turn left. Lake becomes NY-80. Follow approx. 10 miles. See sign.
Property Details
Property Id: 201417
Price: $ 579,000
Property Size:1,509.00 ft2
Property Lot Size:0.32 ac
Waterfront Y/N: No
Building Sq Ft Total: 1509
Building Features: PoleSign, PublicRestrooms, Shelving
Cooling: Zoned, CentralAir
Directions: From US-20, turn south onto NY-80. Follow approx. 1.2 miles, property on the right. see sign.
From Cooperstown, follow Chestnut to Lake St. Turn left. Lake becomes NY-80. Follow approx. 10 miles. See sign.
Elementary School District: Cherry Valley-Springfield
Possible Use: Residential, Restaurant, Retail, ServiceBusiness, Service
Postal City: Cooperstown
Roof: Asphalt, Metal
StateOrProvince: NY
Stories: 1
Street Name: State Highway 80
Street Number: 7629
Street Number Numeric: 7629
Total Taxes: 1256
Assessed Value: 72400
Town: Not Applicable
Utilities: ElectricityConnected
Water Source: Well
Waterfront Features: BeachAccess, Lake
Year Built: 1960
YearBuiltDetails: Existing
YearEstablished: 10
Zoning: 411
Zoning Description: Business
Amenities and Features
Other Features
Basement Y/N
Fireplace Y/N
Has Cooling System
Has Garage
Has Heating System
PropaneTankLeased
Courtesy Of : Lake Lady Property Management, LLC
607-435-9288
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