Waterfront Restaurant in Barcelona
8254 1ST Street Westfield, NY 14787
8254 1ST Street, Westfield, NY, 14787
$1,499,900
For Sale
$1,499,900
COMMERCIAL - Westfield, NY
Property Size4,938 SF
Price / SF$303.75
Days on Market192
Property Features for 8254 1ST Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 50
- Standard status
- Active
- APN
- 00-0-000000
- Size
- 4,938 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12845
- Expense value
- 30000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Building materials
- Frame
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, NY
Listed by
Makenzie Agresti · License #AB069569
(814) 449-7815
Added: Jan 6 Checked: Jul 17 at 6:06 am
MLS# 189227
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an opportunity to own a waterfront restaurant and building located in Barcelona Harbor, New York, along the shores of Lake Erie. The property offers direct waterfront access. Inside, there is a full bar and a dining space. The sale includes all furniture, fixtures, and equipment. The commercial kitchen is equipped with deep fryers, stoves, ovens, a dishwashing station, and a walk-in refrigerator and freezer. Outside, there is a tiki bar and a koi pond. Guests can access the property by boat. The property is 4938 square feet.
Key Highlights
- Direct waterfront access on Lake Erie, allowing boat access for customers.
- Turnkey restaurant business opportunity, including all furniture, fixtures, and equipment.
- Fully equipped commercial kitchen with deep fryers, stoves, ovens, walk‑in refrigerator and freezer, and dishwashing station.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.9k | $18.00 |
| − Vacancy | −$2.3k | −$0.47 |
| EGI | $86.6k | $17.53 |
| − OpEx | −$21.6k | −$4.38 |
| NOI | $64.9k | $13.15 |
4,938 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$927.6K
$811.6K – $1.08M
NOI $64,930 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,461 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
When Pigs Fly ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey waterfront restaurant with bar, tiki bar, and lakeside oasis.
Where is this conventional restaurant located?
The property is located at 8254 1ST Street Westfield, NY.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Direct waterfront access on Lake Erie, allowing boat access for customers.; Turnkey restaurant business opportunity, including all furniture, fixtures, and equipment.; Fully equipped commercial kitchen with deep fryers, stoves, ovens, walk‑in refrigerator and freezer, and dishwashing station.
