17 East Main Street, Gowanda, NY 14070

Listing Agency: WNY Metro Roberts Realty

Listed By: Alicia Wittman · License NY #10301219240 Show Phone

Source: Crexi

Added: Oct 21 Changed: Nov 8 Last Checked: Nov 8 at 3:56PM

Report an Issue

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 WNY Metro Roberts Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,386-square-foot restaurant and retail building sits on approximately 0.25 acre. The property includes surface parking and ADA-compliant ingress and egress from two separate streets. Municipal water and sewer are available.

Estimated 2025 daily traffic is 11,647 vehicles on E Main Street and 15,563 near the Gowanda Veterans Memorial Bridge. The traffic figures combine actual and estimated data.

Key Highlights

• 1,386 SF building with restaurant and retail use
• Approximately 0.25‑acre lot
• Surface parking on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,925

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$358,500 $358.5K

Cap Rate 7%

$256,071 $256.1K

Cap Rate 9%

$199,167 $199.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,386 SF

Gross rent

$24.9K $18.00/SF

− Vacancy

−$1.0K −$0.76/SF

EGI

$23.9K $17.24/SF

− OpEx

−$6.0K −$4.31/SF

NOI

$17.9K $12.93/SF

Area

Cattaraugus County, NY

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$358,500

Cap Rate 7%

$256,071

Cap Rate 9%

$199,167

Alternative Uses

Best Use

Specialty Retail

$256.1K

$224.1K – $298.8K (±1% cap)

NOI $17,925 @ 7.0% cap · market cap 5.12%

Second Best

Retail

$179.6K

$157.2K – $209.6K (±1% cap)

NOI $12,574 @ 7.0% cap · market cap 3.59%

Theoretical Best

Healthcare Medical

$273.9K

$239.7K – $319.6K (±1% cap)

NOI $19,175 @ 7.0% cap · market cap 5.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Tim & Bonnie's Pizza Restaurant

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Grocery & Convenience Store Kitchen & Bath Showroom Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11,647 VPD

Traffic count

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

272

Businesses Nearby

42k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 39% Groceries 32% Shops & Services 21% Home Improvements & Furnishings 8%

Shop 'n Save Groceries

13,169 visits/mo 0.1 miles

Tim Hortons Dining

13,004 visits/mo 0.2 miles

Dollar General Shops & Services

8,792 visits/mo 0.5 miles

Valu Home Centers Home Improvements & Furnishings

3,433 visits/mo 0.5 miles

SUBWAY Dining

3,112 visits/mo 0.1 miles

Demographics for 14070, NY

5,093

Population

2,589

Households

2

Avg Household Size

44

Median Age

15%

College-Educated

88%

High-School Grad

50.8 sq mi

ZIP Area

100

Density / Sq Mi

$51,620

Median Household Income

$39,330

Median Earnings

$740

Median Rent

$100,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Two-Unit Duplex with Detached Garage

Gowanda, NY 14070

$147,000

1,800 SF

View details

Wood-Sided Duplex with Detached Garage

67 Chestnut Street, Gowanda, NY 14070

$84,900

1,808 SF

View details

Medical Office Property

255 Aldrich Street, Gowanda, NY 14070

$263,000

5,680 SF

View details

Self Storage Facility with Office Building

241 Palmer St, Gowanda, NY 14070

$1,200,000

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Municipal water and sewer serve the property, with ADA-compliant access from two streets.

Where is this conventional restaurant located?

The property is located at 17 East Main Street Gowanda, NY.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 1,386 SF building with restaurant and retail use; Approximately 0.25‑acre lot; Surface parking on site