Fully Equipped Restaurant
4348 Seneca St Buffalo, NY 14224
For Sale
Contact for pricing
Well-maintained restaurant space totaling 6,592+/- SF with a second-floor apartment and 43+/- parking spaces.
Property Size6,592 SF
Price / SF$150.94
Days on Market479
Property Features for 4348 Seneca St
General Information
Standard status
Active
Size
6,592 SF
Property subtype
RETAIL
Listing Agency:
Recckio Real Estate & Development
(716) 998-4422
Listed By:
Rick Recckio · License #31RE0821429
(716) 998-4422
Source:
Moodyscre
Added: Apr 7, 2025
Changed: Jul 25
Last Checked: Jul 28 at 2:52PM
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 Recckio Real Estate & Development
Investment Insights
Based on property information with market context.
This fully equipped restaurant building offers approximately 6,592+/- SF and is in excellent condition. The property includes a second-floor apartment, and the electrical system has been redone/upgraded to about 90%+/- completion. Recent improvements include a new roof completed in 2023.
Operational build-out features include 12+/- flat screen TVs and 20 draft beer taps, supporting a turn-key restaurant and bar concept. The building also provides 43+/- parking spaces for customer and employee use.
The combination of a ready-to-operate service setup, strong on-site parking, and an additional residential unit on the second floor makes this property a practical option for an owner-operator or an investor seeking a self-contained building.
Operational build-out features include 12+/- flat screen TVs and 20 draft beer taps, supporting a turn-key restaurant and bar concept. The building also provides 43+/- parking spaces for customer and employee use.
The combination of a ready-to-operate service setup, strong on-site parking, and an additional residential unit on the second floor makes this property a practical option for an owner-operator or an investor seeking a self-contained building.
Key Highlights
- 6,592+/- SF fully equipped restaurant space in excellent condition
- 90%+/- electric redone/upgraded
- Includes a second‑floor apartment
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 | $110.7k | $16.80 |
| − Vacancy | −$10.0k | −$1.51 |
| EGI | $100.8k | $15.29 |
| − OpEx | −$25.2k | −$3.82 |
| NOI | $75.6k | $11.47 |
6,592 SF · lease $16.80/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.08M
$944.8K – $1.26M
NOI $75,584 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $110,967 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-maintained restaurant space totaling 6,592+/- SF with a second-floor apartment and 43+/- parking spaces.
Where is this conventional restaurant located?
The property is located at 4348 Seneca St Buffalo, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,592+/- SF fully equipped restaurant space in excellent condition; 90%+/- electric redone/upgraded; Includes a second‑floor apartment
