Restaurant Building with
For Sale
$280,000
3909 Creek Rd, Youngstown, NY 14174
Restaurant building on Creek Road with new roof and included pizza equipment, plus an additional commercial parcel.
Property Size1,620 SF
Price / SF$172.84
Days on Market49
Property Features for 3909 Creek Rd
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Listing Agency:
FASTRACT REAL ESTATE
(716) 754-1111
Listed By:
James L Fasciano · License #37FA0862068
(716) 754-1111
Source:
Elliman
Added: Jun 24
Changed: Jul 10
Last Checked: Aug 10 at 6:35AM
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 FASTRACT REAL ESTATE
Investment Insights
Based on property information with market context.
The property includes approximately 1,620 square feet of commercial space currently operated as a pizzeria/restaurant. The sale includes a variety of pizza restaurant equipment. A new roof was installed approximately two years ago.
Located on highly visible Creek Road, the site is adjacent to the Lewiston-Porter School District campus and near the Lewiston Police Department. A paved lot next to the restaurant—previously used as a car lot—adds outdoor space for tenant or customer use. The sale also includes an additional commercial parcel noted as 600 foot, and the property has been merged with an adjoining parcel to create a larger commercial footprint.
This setup can support continued restaurant use or a different commercial concept that benefits from a stand-alone site on a well-known road near institutional neighbors. The included equipment may help reduce start-up time for a buyer looking to maintain a pizza or restaurant operation, while the expanded footprint and outdoor paved area provide flexibility for day-to-day business needs.
Located on highly visible Creek Road, the site is adjacent to the Lewiston-Porter School District campus and near the Lewiston Police Department. A paved lot next to the restaurant—previously used as a car lot—adds outdoor space for tenant or customer use. The sale also includes an additional commercial parcel noted as 600 foot, and the property has been merged with an adjoining parcel to create a larger commercial footprint.
This setup can support continued restaurant use or a different commercial concept that benefits from a stand-alone site on a well-known road near institutional neighbors. The included equipment may help reduce start-up time for a buyer looking to maintain a pizza or restaurant operation, while the expanded footprint and outdoor paved area provide flexibility for day-to-day business needs.
Key Highlights
- Commercial restaurant building on highly visible Creek Road, adjacent to Lewiston‑Porter School District campus and the Lewiston Police Department
- Approximately 1,620 SF of commercial space with a new roof installed about two years ago
- Includes pizza/restaurant equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,480
$326.5K
Cap Rate 7%
$233,200
$233.2K
Cap Rate 9%
$181,378
$181.4K
Market Conditions
NOI Build-Up for 1,620 SF
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.
Gross rent
$23.3K $14.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$21.8K $13.44/SF
− OpEx
−$5.4K −$3.36/SF
NOI
$16.3K $10.08/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,480
Cap Rate 7%
$233,200
Cap Rate 9%
$181,378
Alternative Uses
Best Use
Specialty Retail
$233.2K
$204.1K – $272.1K
NOI $16,324 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.38M
$1.20M – $1.61M
NOI $96,356 @ 7.0% cap · market cap 34.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14174, NY
5,654
Population
2,601
Households
2.2
Avg Household Size
50
Median Age
34%
College-Educated
98%
High-School Grad
23.2 sq mi
ZIP Area
244
Density / Sq Mi
$78,922
Median Household Income
$53,841
Median Earnings
$1,152
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building on Creek Road with new roof and included pizza equipment, plus an additional commercial parcel.
Where is this conventional restaurant located?
The property is located at 3909 Creek Rd Youngstown, NY.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Commercial restaurant building on highly visible Creek Road, adjacent to Lewiston‑Porter School District campus and the Lewiston Police Department; Approximately 1,620 SF of commercial space with a new roof installed about two years ago; Includes pizza/restaurant equipment included in the sale
