2319 Niagara Falls Boulevard, Wheatfield, NY 14304

Building Details

Building Size 3,096 SF More

Year Built 1961 More

Properties For Sale

at 2319 Niagara Falls Boulevard Contact us

Bar

Size 2,096 SF

Lease Type Gross

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Former Pizzeria

Size 1,000 SF

Lease Type Gross

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Listing Agency: Recckio Real Estate & Development, Inc.

Listed By: Rick Recckio · License NY 31RE0821429 Show Phone

Source: Thebrokerlist

Added: Jun 23 Changed: Nov 8 Last Checked: Nov 12 at 4:17AM

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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, Inc.

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Investment Insights

Based on property information with market context.

This 3,096± SF retail/restaurant building was previously operated as a pizzeria and sports bar and is offered as a ready-to-operate food service environment. The space includes a full commercial kitchen with extensive included equipment, including conveyor and pizza cooking equipment, fryers, charbroilers, refrigeration, a walk-in cooler, and a 12-head beer tap system with line cleaning. The package also includes a second-story apartment suitable for an owner-operator or rental income, along with a volleyball court with full underground drainage and an outdoor patio for seasonal dining and events. A paved parking lot provides on-site parking.

The property sits directly on Niagara Falls Blvd., a high-traffic commercial corridor serving Amherst, Wheatfield, Niagara Falls, and Tonawanda. The area is supported by national and regional retailers listed in the remarks, including Super Walmart, Target, Home Depot, Lowe’s, and multiple quick-service and casual dining concepts.

This offering is well suited for an operator looking to open or expand a restaurant, sports bar, or takeout-focused concept, including an event-driven venue that can use both the outdoor patio and on-site activity court. Owner-operators who want live-work capability may find the included second-story apartment especially practical, while investors may value the combination of a turnkey food service setup and a separate rental component.

Key Highlights

• 3,096± SF retail/restaurant building built in 1961, formerly a pizzeria and sports bar.
• Fully equipped commercial kitchen with included equipment, including dual conveyor oven and new pizza oven.
• Outdoor patio for seasonal dining and events plus a volleyball court with full underground drainage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,197

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$623,940 $623.9K

Cap Rate 7%

$445,671 $445.7K

Cap Rate 9%

$346,633 $346.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,096 SF

Gross rent

$44.6K $14.40/SF

− Vacancy

−$3.0K −$0.96/SF

EGI

$41.6K $13.44/SF

− OpEx

−$10.4K −$3.36/SF

NOI

$31.2K $10.08/SF

Area

Niagara County, NY

Vacancy

6.70%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$623,940

Cap Rate 7%

$445,671

Cap Rate 9%

$346,633

Alternative Uses

Best Use

Specialty Retail

$445.7K

$390.0K – $520.0K (±1% cap)

NOI $31,197 @ 7.0% cap · market cap 3.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$834.0K

$729.8K – $973.0K (±1% cap)

NOI $58,381 @ 7.0% cap · market cap 7.34%

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

Conventional restaurants

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Dental Office Auto Parts Store

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

Turnkey business

Opportunity

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

106

Businesses Nearby

23k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 65% Shops & Services 35%

Tim Hortons Dining

14,926 visits/mo 0.2 miles

Dollar General Shops & Services

7,402 visits/mo 0.0 miles

Gerber Collision & Glass Shops & Services

469 visits/mo 0.5 miles

Demographics for 14304, NY

28,923

Population

13,705

Households

2.1

Avg Household Size

45

Median Age

25%

College-Educated

92%

High-School Grad

21.5 sq mi

ZIP Area

1,345

Density / Sq Mi

$64,756

Median Household Income

$42,613

Median Earnings

$901

Median Rent

$151,500

Median Home Value

Market

Average Price Trend$/SF for Conventional restaurants in Niagara County, NY

$103 Jul

$119 Aug

$131 Sep

$151 Oct

Properties on Market for Conventional restaurants in Niagara County

Jul

Aug

Sep

Oct

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

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Former pizzeria and sports bar with an extensive commercial kitchen, patio, and second-story apartment for owner-operator use.

Where is this conventional restaurant located?

The property is located at 2319 Niagara Falls Boulevard Wheatfield, NY.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 3,096± SF retail/restaurant building built in 1961, formerly a pizzeria and sports bar.; Fully equipped commercial kitchen with included equipment, including dual conveyor oven and new pizza oven.; Outdoor patio for seasonal dining and events plus a volleyball court with full underground drainage.