3333 Lockport Olcott Rd

3333 Lockport Olcott Rd , Newfane, New York, 14108 | 11,402 sq.f | $ 699,000

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About This Restaurant

Investment Highlights

Restaurant for Sale or Lease Over 10 acres of land

Executive Summary

Restaurant for Sale/Lease or looking for a local partner to join the business! Land(Over 10 acres), name & recipes, equipment, inventory, building with its contents and fixtures are all included in the sale! There are two cozy banquet rooms that hold about 175 people (open currently for lunch and dinner), Two large kitchen areas, walk-in fridge, walk-in freezer, inventory storage room, bakery (many homemade items), large office, plenty of storage. Over 40 retail units inside that generate over $80,000 a year in rental income, about 4,000sqft of unfinished space could be more retail units or additional entertainment space to generate more income. Indoor/Outdoor bar that features many big screen TVs and two outdoor patios for entertaining. Large parking lot has over 100 parking spaces. Over 10 acres of agricultural land that offers many possibilities with fruit trees galore. Owner may be willing to separate the land. Newer roof and mechanics. Zoning right near the 10 acres. Possible use would be great for a RV park in the rear zoning is HC. Make your appt to see this money maker today, Owner is motivated!

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    1031 Exchange
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    11,402
  • Building Class    C
  • Year Built    1980
  • Price    699,000
  • Price Per SF    61
  • Percent Leased    Vacant
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.03
  • Land Acres    10.26 AC

Amenities

  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Skylights
  • Storage Space
  • Air Conditioning
Date Created: 2024-07-16 04:18:01 Last Updated: 2024-07-16 04:18:01
Address: 3333 Lockport Olcott Rd , Newfane, New York, 14108