Equipped Conventional Restaurant
New
For Sale
$700,000
2081 Niagara Street, Buffalo, NY 14207
Flexible hospitality property with commercial kitchen infrastructure, event areas, multiple service points, and an upper-level lounge.
Property Size5,391 SF
Price / SF$129.63
Days on Market5
Property Features for 2081 Niagara Street
General Information
Standard status
Active
Size
5,391 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
N-2C, Residential Multi Use
Site & Location
Frontage
80 ft
Highway Access
Yes
Road Access
Yes
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$6,190
Building Details
Building Size
5,391 SF
Buildings
1
Stories
2
Listing Agency:
Howard Hanna WNY Inc.
(716) 603-2516
Listed By:
Jason P Sokody
(716) 603-2516
Source:
Northstarwny
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 5:50AM
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 WNY Inc.
Investment Insights
Based on property information with market context.
This 5,400-square-foot conventional restaurant property combines food-service infrastructure with lounge and entertainment space. The commercial kitchen includes a Type I exhaust hood with fire suppression, several cooking stations, and a Lincoln Impinger conveyor oven. Interior improvements include booth seating, open areas for dancing or events, multiple bar and service areas, commercial-style restrooms, storage, and utility rooms. An upper-level lounge supports private gatherings or separate guest areas, while a gated side service area accommodates deliveries and outdoor storage.
The building occupies a signalized corner at Niagara Street and Hertel Avenue in Buffalo, with approximately 80 feet of frontage and access to I-190 and the Niagara Street corridor. Zoning is N-2C, Residential Multi Use. The existing configuration supports restaurant, bar, nightclub, banquet, live entertainment, and other hospitality applications.
The building occupies a signalized corner at Niagara Street and Hertel Avenue in Buffalo, with approximately 80 feet of frontage and access to I-190 and the Niagara Street corridor. Zoning is N-2C, Residential Multi Use. The existing configuration supports restaurant, bar, nightclub, banquet, live entertainment, and other hospitality applications.
Key Highlights
- 5,400‑square‑foot restaurant, lounge, and nightlife property
- Commercial kitchen with Type I hood, fire suppression, multiple cooking stations, and Lincoln Impinger conveyor oven
- Upper‑level lounge plus open dance and event areas
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
$61,916
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
8.85%
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%
$1,238,320
$1.2M
Cap Rate 7%
$884,514
$884.5K
Cap Rate 9%
$687,956
$688.0K
Market Conditions
NOI Build-Up for 5,400 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
$90.7K $16.80/SF
− Vacancy
−$8.2K −$1.51/SF
EGI
$82.6K $15.29/SF
− OpEx
−$20.6K −$3.82/SF
NOI
$61.9K $11.47/SF
Area
Buffalo, NY
Vacancy
9.00%
Lease Rate
$16.80 /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%
$1,238,320
Cap Rate 7%
$884,514
Cap Rate 9%
$687,956
Alternative Uses
Best Use
Specialty Retail
$884.5K
$774.0K – $1.03M
NOI $61,916 @ 7.0% cap · market cap 8.85%
Second Best
Industrial
$540.3K
$472.8K – $630.4K
NOI $37,823 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,901 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Tim Hortons
Dining
13,940 visits/mo
0.3 miles
Kwik Fill
Shops & Services
9,660 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
2,676 visits/mo
0.3 miles
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible hospitality property with commercial kitchen infrastructure, event areas, multiple service points, and an upper-level lounge.
Where is this conventional restaurant located?
The property is located at 2081 Niagara Street Buffalo, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,400‑square‑foot restaurant, lounge, and nightlife property; Commercial kitchen with Type I hood, fire suppression, multiple cooking stations, and Lincoln Impinger conveyor oven; Upper‑level lounge plus open dance and event areas
