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 make this a gem of a venue and a golden opportunity for the buyer!!Show Description MLS® NumberS1605762
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1948
Stories1
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatGas, Propane, Zoned, Baseboard, Forced Air
A/CZoned, Central Air
Heating Fuel
Equipment, Inventory, Land and Building, Land, Building and Business
