Net-Lease Restaurant with Large
301 Cleveland Dr Buffalo, NY 14215
For Sale
Contact for pricing
Fully rehabbed net-leased restaurant building includes a large kitchen and basement walk-in cooler and freezer.
Property Size4,053 SF
Price / SF$111.03
Days on Market1120
Property Features for 301 Cleveland Dr
General Information
Standard status
Active
Size
4,053 SF
Property subtype
RETAIL
Listing Agency:
Hunt Commercial - Buffalo
(716) 465-2063
Listed By:
Joseph Farrauto · License #10301211758
(716) 465-2063
Source:
Moodyscre
Added: Jul 7, 2023
Changed: Jul 28
Last Checked: Jul 29 at 1:33PM
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 Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
This net-leased restaurant property has been fully rehabbed “from top to bottom,” with updates including the roof, exterior, HVAC, electrical, flooring, and bathrooms. The bar, dining room, and large kitchen have been restored, and the building includes a full basement walk-in cooler and freezer. Site improvements include an updated parking lot with 52 parking spaces.
The property is located at 301 Cleveland Dr in Buffalo, NY 14215 and is offered as an income-producing investment with a long-term tenant in place running a successful restaurant business. Reported gross income is $46,100 per year.
The property is located at 301 Cleveland Dr in Buffalo, NY 14215 and is offered as an income-producing investment with a long-term tenant in place running a successful restaurant business. Reported gross income is $46,100 per year.
Key Highlights
- Net‑leased restaurant building with a long‑term tenant and restaurant operations on site
- Fully rehabbed throughout, including updated roof, exterior, HVAC, electrical, flooring, baths, kitchen, and parking lot
- Restaurant layout includes bar, dining room, and large kitchen that have been restored
Financial Insights For Industrial
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 | $41.3k | $10.20 |
| − Vacancy | −$785 | −$0.19 |
| EGI | $40.6k | $10.01 |
| − OpEx | −$12.2k | −$3.00 |
| NOI | $28.4k | $7.00 |
4,053 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$663.9K
$580.9K – $774.5K
NOI $46,472 @ 7.0% cap · market cap 10.33%
Second Best
Industrial
$405.6K
$354.9K – $473.2K
NOI $28,389 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$974.7K
$852.8K – $1.14M
NOI $68,227 @ 7.0% cap · market cap 15.16%
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?
Conventional restaurant - Fully rehabbed net-leased restaurant building includes a large kitchen and basement walk-in cooler and freezer.
Where is this conventional restaurant located?
The property is located at 301 Cleveland Dr Buffalo, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Net‑leased restaurant building with a long‑term tenant and restaurant operations on site; Fully rehabbed throughout, including updated roof, exterior, HVAC, electrical, flooring, baths, kitchen, and parking lot; Restaurant layout includes bar, dining room, and large kitchen that have been restored
