$1,999,900

3231 Seneca Turnpike, Lenox, NY 13032

  • 17,040 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon3.19acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $117/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Discover the incredible potential of this iconic property-currently known as Theodore's Restaurant, strategically located on Seneca Turnpike (Route 5) between Canastota and Syracuse, NY. With over 17,000 square feet of adaptable interior space and parking for over 250 cars, this well-established venue offers a TURNKEY opportunity for use as a premier event center, banquet hall, or large scale catering facility, while still retaining all the assets of a full-service restaurant. Having served the community for over 45 years, this landmark location is deeply rooted in local goodwill and recognition! The property currently features four distinct dining areas, including a bar and cocktail lounge, and is well-suited for hosting a wide variety of events--catering operation, live performances, seasonal events, corporate retreats and private rentals. The development of a brewery/distillery or community center for educational advancement and learning come to mind. The two large banquet halls feature seating for 150-200 people each, with a performance stage and new LED lighting. A recent dinner theater event drew over 400 guests! The structure's versatility easily supports simultaneous events and is zoned and designed for high-volume service. This property also presents a compelling redevelopment opportunity for other commercial uses, thanks to its high visibility, accessibility and infrastructure. Its multi-use capabilities provide opportunity for significant growth and profitability.

Listing Status:
Active
Date Added:
May 22, 2025 at 05:00AM
Listing Office:
Hunt Real Estate ERA : 315-682-7197
Listing Agent:
Ron Dailey : 315-446-4681
MLS ID:
S1605762
  • Basement: Partial
  • Flooring: CarpetLinoleumOtherSee RemarksVinyl
  • A/C: ZonedCentral Air
  • Heating: GasPropaneZonedBaseboardForced Air
  • Fireplace: Fireplaces: 0
  • Disability Feature: Accessible Approach with Ramp
  • Parking: On SiteParking spaces: 250
  • Roofing: Asphalt
  • General: Blown-In InsulationConcreteWood Siding1
  • Originating MLS: NYS_S
  • School District: Canastota
  • County: Madison
  • Zoning: CM253601-043-008-0001-003-000-0000
  • Utilities: Electricity ConnectedSewer Connected
  • Sewer: Public Sewer
  • Source: NYS_S

This listing courtesy of Ron Dailey, Hunt Real Estate ERA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

South Side Elementary School

200 High St, Canastota, NY, 13032

Grades 2-3

0.80 miles away

C

Canastota High School

101 Roberts St, Canastota, NY, 13032

Grades 7-12

1.32 miles away

C

Canastota High School

101 Roberts St, Canastota, NY, 13032

Grades 7-12

1.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.