Renovated Bar with
For Sale
$349,000
12-14 Water St, Fredonia, NY 14063
The offering includes land, building, and business, plus updated electrical, refrigeration, and restroom improvements.
Property Size2,208 SF
Price / SF$158.06
Days on Market77
Property Features for 12-14 Water St
General Information
Standard status
Active
Size
2,208 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1923
Listing Agency:
Howard Hanna Holt - Fredonia
Listed By:
Tammy Hess Schmitt · License #40HE1022222
(716) 679-8355
Source:
Skinnercnyrealty
Added: Jul 30
Changed: Oct 10
Last Checked: Oct 7 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Holt - Fredonia
Investment Insights
Based on property information with market context.
Valentine’s Place is a bar and nightclub property with the land, building, and business included in the sale. The 1923 building has undergone multiple updates, including a renovated bar, refreshed restrooms, new tile flooring, upgraded electrical and refrigeration systems, and a newer roof. Sound and lighting equipment supports live music and nightlife operations.
The property is located at 12-14 Water Street in Fredonia, close to SUNY Fredonia and next to public parking. The established venue includes a history of live music and beverage service, with the physical improvements and operating business conveyed together.
The property is located at 12-14 Water Street in Fredonia, close to SUNY Fredonia and next to public parking. The established venue includes a history of live music and beverage service, with the physical improvements and operating business conveyed together.
Key Highlights
- Land, building, and business included in the sale
- Bar and nightclub venue at 12‑14 Water Street
- Updated bar, renovated restrooms, and new tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,033
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,660
$580.7K
Cap Rate 7%
$414,757
$414.8K
Cap Rate 9%
$322,589
$322.6K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$39.7K $18.00/SF
− Vacancy
−$1.0K −$0.47/SF
EGI
$38.7K $17.53/SF
− OpEx
−$9.7K −$4.38/SF
NOI
$29.0K $13.15/SF
Area
Chautauqua County, NY
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,660
Cap Rate 7%
$414,757
Cap Rate 9%
$322,589
Alternative Uses
Best Use
Specialty Retail
$414.8K
$362.9K – $483.9K
NOI $29,033 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.9K
$578.3K – $771.0K
NOI $46,262 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14063, NY
13,028
Population
5,861
Households
2.2
Avg Household Size
34
Median Age
40%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
256
Density / Sq Mi
$55,629
Median Household Income
$27,358
Median Earnings
$852
Median Rent
$178,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- 64 On The Rocks — 64 W Main St, Fredonia, NY 14063
- Sunny's — 43 Water St, Fredonia, NY 14063
- Ellicottville Brewing Company Fredonia — 34 W Main St, Fredonia, NY 14063
- Coughlan's Pub — 47 W Main St, Fredonia, NY 14063
- Downtown Brew - Craft Beer Shop & Bar — 13 Water St, Fredonia, NY 14063
Frequently Asked Questions
What type of property is this?
Bar & Pub - The offering includes land, building, and business, plus updated electrical, refrigeration, and restroom improvements.
Where is this bar & pub located?
The property is located at 12-14 Water St Fredonia, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Land, building, and business included in the sale; Bar and nightclub venue at 12‑14 Water Street; Updated bar, renovated restrooms, and new tile flooring
