Freestanding Restaurant
2298 River Rd Wheatfield, NY 14304
New
For Sale
$299,900
Turnkey freestanding restaurant with prominent signage, high traffic exposure, and included equipment.
Days on Market4
Property Features for 2298 River Rd
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
CENTURY 21 North East
(716) 545-9743
Listed By:
David M Pascucci · License #10301223803
(716) 545-9743
Source:
Elliman
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 11:26AM
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 CENTURY 21 North East
Investment Insights
Based on property information with market context.
Freestanding commercial restaurant property currently operating as a breakfast and lunch concept. The building is just under 1,700 square feet and offers a diner-style interior with a mix of classic character and tasteful modern touches. The sale includes the building and existing restaurant equipment, supporting a turnkey handoff for the next owner.
The property is positioned for strong visibility with prominent signage and is described as having high traffic exposure. It also offers ample on-site parking. WalkScore is listed as 0 with car-dependent access, and the bikeScore is listed as 25, somewhat bikeable.
For-sale as an operating, equipment-included restaurant location at 2298 River Rd in Wheatfield, NY, it’s well suited for continued use as a breakfast and lunch destination or for redevelopment into a different concept, subject to applicable approvals.
The property is positioned for strong visibility with prominent signage and is described as having high traffic exposure. It also offers ample on-site parking. WalkScore is listed as 0 with car-dependent access, and the bikeScore is listed as 25, somewhat bikeable.
For-sale as an operating, equipment-included restaurant location at 2298 River Rd in Wheatfield, NY, it’s well suited for continued use as a breakfast and lunch destination or for redevelopment into a different concept, subject to applicable approvals.
Key Highlights
- Freestanding commercial restaurant building built in 1992
- Just under 1,700 SF and currently operating as a breakfast and lunch destination
- Includes the building and existing restaurant equipment
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 | $24.2k | $14.40 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $22.6k | $13.44 |
| − OpEx | −$5.6k | −$3.36 |
| NOI | $16.9k | $10.08 |
1,680 SF · lease $14.40/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$241.8K
$211.6K – $282.1K
NOI $16,928 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $99,924 @ 7.0% cap · market cap 33.32%
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?
Breakfast & diner - Turnkey freestanding restaurant with prominent signage, high traffic exposure, and included equipment.
Where is this breakfast & diner located?
The property is located at 2298 River Rd Wheatfield, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Freestanding commercial restaurant building built in 1992; Just under 1,700 SF and currently operating as a breakfast and lunch destination; Includes the building and existing restaurant equipment
