tough sale

rt,it was only a matter of time,and it was self inflicted.i just hope it doesn't end up as another empty building on that strip.i think it would make a nice shop/diner during the fall circus.the reputation may be past the point of no return as far as just a shop goes.i can imagine having to deal with her to buy the place!

not sure about price i have owned and sold buisness my whole life.i can't imagine the books look good and good will is included in purchase prices you can subtract that.you should start from scratch and name it "not dawn's fly shop"

clint she might be there only if you call number on site for reservations.

    Assessed values on property via Municipal tax Depts are traditionally bout only 80% of bank appraised values depending on where one lives. That said a building that looks to be well over 80 yrs old and has been flooded numerous times over the years and been clearly neglected has no value at all.
I say this cause the cost of  repairs   ( NOT PAINT AND PAPER- REAL MEANINGFUL LONG TERM STRUCTURAL REPAIRS) in all likely hood far outweighs the value of an in town fishing hole. The cost of removing such a buiding is likely what will really be appropriate in very few years and its likely that zoning and other enviros would never allow another so close to that water and corner.
   One glance at the roofing will tell ya what must be rotting underneath. Not to mention the footings. If I recall that may well be a stone foundation rather than concrete as well- Wonder how washed out from behind or underneath that may be???  
  Couldnt imagine the insurance rates on a building - not just in a flood zone- but that has been repeatedly flooded- with tenants   WOW
I'll mention the bad stuff later----

   Seen that Clint on my Pulaski place too- problem is that the State seems to have no limit on how long an appraisal lasts therefore beating ups and downs in the true market. They may adjust it by percentage but there seems to be no recent merit to the baseline numbers in many cases.
  Ex- Syracuse was doing some marketing and the paper was sayin bout 6 mos ago how some houses on a street were recently appraised due to resale and others had been many many years since the last one creating a VERY diverse tax difference  within neighborhoods of similar buildings inc. homes. WOW
  Here at home it MUST by law be done at municipal expense periodically - bout 5 years( actual appraisal)- heck of a bullet on the local budgets but keeps the taxes and general municipal grand list in line with reality- cept for very quick ups and downs.
     As I recall that Syracuse thingie some had not been reappraised in bout 20 years.

Clint it seems as if property assessments have even gone up in the past two years based on my taxes. I do know that downtown Pulaski district does get a brake when it comes to tax assessment... in all honesty, I think that building would be a good buy at 75k.... I have seen stone foundations stand pretty strong that were centuries old... im sure the building needs work. She should try to work out some deal with the shop equipment included...

Most places here (Oswego co)and in Syracuse (Onondaga co) have recently been reappraised and gone to full market value due to what you said RG.   Now the assessors are paid and appointed, not elected so they answer to the town and county, not the people.   They are usually from outside the town they work also to prevent conflicts of interest aka lower assessments to friends.

Back to the original post though.   She may have a hard time selling it due to the economy and all the other shops around.  Can't see that she was making a ton of money or else she could have hired someone to run the shop if she wanted more time with the family.   Also for the amount of time she's open alot of hours, roughly September to January working 5 months out of 12 ain't bad

i thought there was another half.it may have nothing to do with buisness he may be moving on and be part owner.

   Frankly that stretch of Pulaski Center kinda really needs something - like a facelift -and as far as food goes- early mornings aint been the same since C&M.
    Could pickup some Fed or State buckeroos and tear down the whole side of the River and put in parking. Probably get the bucks on some kinda waterway or parks  granting ( would be surprised whats out there) Might even go along with the Wall repairs across the river from  that  PRIVATE side -actually no true legit access on the other side either .
   Some public parking right there would boost that whole strip. The other shops and even that prospective downtown Diner ya speak of could really make out then. Could easily increase tax revenue and jobs with less buildings and more quality.
    Kinda nice whats happening to the stores just uphill and around the corner through town - improving real nicely over the past few years. Probably cause of easy access parking over there-
   Blight removal an parking are  are  the key of any inner towns ultimate success.

    Yep - that stuff makes it a destination for folks- not just fishermen- who can sit out a few months a year and watch the show. Along with the quality places comes repeat customers throughout the entire year, not just a few 'fishin months.
  Decent food and good service go right along with easy access and a neat tidy look about it. Next thing ya know folks are seeing property values pickup and lotsa blight disappears along with private upgrades to surrounding places. Just like is startin to happenin around the corner in town.
Although many fishermen use the other lot up round the corner= as a part time resident I notice its very busy throughout the year- might be commuters. so when ya see it FULL in season its only bout half fisherguys. Which is exactly what the purpose of upgraded parking and business is all about.

As far as grants; the building across the street that used to be big A's was remodeled on grant money. The building with earls, the theater, and I believe the building across from the east corner of maple st. Are all in line for grant money. The building must be vacant though. I did see some building materials going in to the old theatre in the past few weeks. It should be nice when that's finished. Healthway owns that... heard that they are going to use it for their own conventions and also offer for rent as a banquet hall or something??? We'll see...

As far as the murder; that was a shame, richy was a great guy and I always thought that the guy he had working for him had something wrong with him. He obviously did since he murdered him. Supposedly richy made it out to the side walk and died outside....

yeah- i heard he made it outside. maybe slayer will confirm since i think he told me the story years ago.

    Kinda notice that in cases where there is lots of 'owner financing' it simply means that the owner had to take mortgage payments over decades cause no bank or other lending institution would give a real mortgage.
   Also gets you and the buyer around all the 'issues' that need repairs and upgrading that a lending institution may well require to insure the buildings value throughout the lending period- a recipe for disaster sometimes is likely.
   Tough decisions for somebody to have to move on without that expected 'larger chunk' to invest elsewhere- only dif is if ya already are well enough off to wait out the long term interest in your own pockets. Thats not usually the case though - usually its one of 'gotta do somethin' to get outa this .

Back tax liens resulting in municipalities taking the property through the courts take YEARS-the outstanding balances must reach a plateau first - Initially the only thing that can be done is for the town to place liens until the bill gets high enough to force a  take over- BLIGHT results with lousy implications on surrounding places.

 BTW- we have  ( so unusual) digressed quite a bit here though- somebodys just tryin to sell a place.