Turn-Key Restaurant Near Jackson
For Sale
$2,700,000
20 Center Street, Batavia, NY 14020
Three-story restaurant with rooftop patio and mobile food options.
Property Size14,064 SF
Price / SF$191.98
Days on Market220
Property Features for 20 Center Street
General Information
Standard status
Active
Size
14,064 SF
Listing Agency:
Small City Realty WNY LLC
(585) 226-1120
Listed By:
Belma Odzakovic
(585) 309-1301
Source:
Nicholcityrealty
Added: Mar 11
Changed: Oct 2
Last Checked: Oct 14 at 10:34PM
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 Small City Realty WNY LLC
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Investment Insights
Based on property information with market context.
This three-story restaurant is located near Jackson Square, an area known for live bands and community events. The property, currently operating as Center Street Smokehouse, is a turn-key establishment with a finished basement and dining space across three levels. A rooftop patio provides space for dining and events. The sale includes commercial kitchen equipment, a professional-grade smoker, two food trucks, and a delivery vehicle, offering potential revenue streams. The property benefits from high foot traffic and a location in a culturally rich area. This presents an opportunity for both experienced operators and entrepreneurs to further develop the space.
Key Highlights
- Turn‑key restaurant with all commercial kitchen equipment included.
- Rooftop patio for dining and events.
- Includes two fully‑operational food trucks and a dedicated delivery vehicle.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,890
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,637,800
$3.6M
Cap Rate 7%
$2,598,429
$2.6M
Cap Rate 9%
$2,021,000
$2.0M
Market Conditions
NOI Build-Up for 14,064 SF
Gross rent
$253.2K $18.00/SF
− Vacancy
−$10.6K −$0.76/SF
EGI
$242.5K $17.24/SF
− OpEx
−$60.6K −$4.31/SF
NOI
$181.9K $12.93/SF
Area
Genesee 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%
$3,637,800
Cap Rate 7%
$2,598,429
Cap Rate 9%
$2,021,000
Alternative Uses
Best Use
Specialty Retail
$2.60M
$2.27M – $3.03M
NOI $181,890 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$13.05M
$11.42M – $15.23M
NOI $913,794 @ 7.0% cap · market cap 33.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 45%
Groceries 2%
Home Improvements & Furnishings 1%
Wendy's
Dining
21,014 visits/mo
0.2 miles
Tim Hortons
Dining
18,534 visits/mo
0.2 miles
Dollar General
Shops & Services
10,490 visits/mo
0.4 miles
Kwik Fill
Shops & Services
6,286 visits/mo
0.2 miles
M&T Bank
Shops & Services
5,732 visits/mo
0.2 miles
Demographics for 14020, NY
22,627
Population
10,930
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
66.3 sq mi
ZIP Area
341
Density / Sq Mi
$59,834
Median Household Income
$43,031
Median Earnings
$915
Median Rent
$148,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three-story restaurant with rooftop patio and mobile food options.
Where is this conventional restaurant located?
The property is located at 20 Center Street Batavia, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Turn‑key restaurant with all commercial kitchen equipment included.; Rooftop patio for dining and events.; Includes two fully‑operational food trucks and a dedicated delivery vehicle.
