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Property profile

99 Aurora St Lancaster, NY 14086

Turn key restaurants
Property ID
US63-5578572
View Sample
2,695 SF 0.4 ac lot Built 1900
Individually Owned 13-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity presents a rare chance to acquire a well-established Lancaster Village business, operating successfully for over 11 years. The 4,095 square foot building sits on a 0.4-acre lot and is priced at $1,800,000. Extensive renovations within the last five years have resulted in a completely modernized property. Improvements include a new tear-off arch roof, furnace, five AC units, two hot water tanks, and a maintenance-free exterior. The property also boasts an 8-foot privacy fence, a new front entrance door, and attractive perimeter gardens surrounding the parking lot, which includes additional patio seating. Inside, the restaurant features a state-of-the-art sound system, eight televisions, and a completely remodeled bar with leathered granite countertops. Both bathrooms have been updated, and the kitchen is equipped with an automatic glass washer, a glass freezer, and ample walk-in coolers and freezers. The chef's prep area even includes its own air conditioning. A unique feature is a second-story loft area perfect for private events, complete with a small rooftop garden. High-end kitchen equipment includes a brick oven for pizza and a 20,000-dollar dough mixer imported from Italy. The property offers parking for 30 vehicles, and long-standing neighborhood compliance allows for overflow parking, a significant advantage for this one-of-a-kind neighborhood restaurant. Financial records are available upon request, showcasing the strong profitability of this established business.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 2,695 SF
Lot 0.4 ac (17,424 SF)
APN 145203 115.25-3-20
UPID US63-5578572

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2013
3 recorded transactions
2013
$110,000
2008
$235,000
2008
$259,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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