Two-Storefront Retail Restaurant
33 Elm St East Aurora, NY 14052
33 Elm St, East Aurora, NY, 14052
$865,000
For Sale
$865,000
Well-maintained property with two renovated storefronts, each featuring dining areas and commercial kitchen space.
Property Size7,653 SF
Price / SF$113.03
Days on Market41
Property Features for 33 Elm St
General Information
- Standard status
- Active
- Size
- 7,653 SF
Listing agency
Gurney Becker & Bourne
(716) 208-5340
Listed by
Gary Greco Jr · License #10401251303
(716) 208-5340
Source
Exprealty
Added: Jun 11 Updated: Jul 21 at 1:53PM Checked: Jul 21 at 1:53PM
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 Gurney Becker & Bourne
Investment Insights
Based on property information with market context.
33 Elm Street is a well maintained commercial property offering two premier retail storefronts. The left storefront, The Grove, features a welcoming front counter and workstation, a dining area with soaring ceilings, a full kitchen, and second floor office and storage space, plus an outdoor patio area. The right storefront, Babcia’s Pierogi, includes a quick service ordering counter, a dining area with storefront views, and a fully functional commercial kitchen with an oversized hood system, along with exterior walk-in cooler and freezer storage.
The property has benefited from significant capital improvements, including updated exterior paint and plumbing, electrical, and mechanical systems, and includes approximately six dedicated parking spaces for tenant and customer use.
Both storefronts are currently occupied by established tenants under long-term, market-rate leases.
The property has benefited from significant capital improvements, including updated exterior paint and plumbing, electrical, and mechanical systems, and includes approximately six dedicated parking spaces for tenant and customer use.
Both storefronts are currently occupied by established tenants under long-term, market-rate leases.
Key Highlights
- Two renovated retail storefronts totaling approx. 4,600 SF: 2,800 SF for The Grove and 1,800 SF for Babcia’s Pierogi
- The Grove (approx. 2,800 SF) features a front counter and workstation, dining area with soaring ceilings, full kitchen, plus 2nd‑floor office and storage
- Babcia’s Pierogi (approx. 1,800 SF) includes a quick service ordering counter, dining area with storefront views, and a fully functional commercial kitchen
Local Financial Insights For 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 | $110.2k | $14.40 |
| − Vacancy | −$11.9k | −$1.56 |
| EGI | $98.3k | $12.84 |
| − OpEx | −$29.5k | −$3.85 |
| NOI | $68.8k | $8.99 |
7,653 SF · lease $14.40/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,157 @ 7.0% cap · market cap 10.65%
Second Best
Retail
$983.0K
$860.1K – $1.15M
NOI $68,811 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,109 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kornerstone Cafe & Juice ...
Cafe & Coffee Shop
The Source
Mobile Phone Store
Similar For Sale Nearby
Similar Off Market Nearby
- Fern Croft Floral — East Aurora, NY 14052
- Flowers By Nature — Back Entrance, 572 Main St, East Aurora, NY 14052
FAQs
What type of property is this?
Storefront property - Well-maintained property with two renovated storefronts, each featuring dining areas and commercial kitchen space.
Where is this storefront property located?
The property is located at 33 Elm St East Aurora, NY.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Two renovated retail storefronts totaling approx. 4,600 SF: 2,800 SF for The Grove and 1,800 SF for Babcia’s Pierogi; The Grove (approx. 2,800 SF) features a front counter and workstation, dining area with soaring ceilings, full kitchen, plus 2nd‑floor office and storage; Babcia’s Pierogi (approx. 1,800 SF) includes a quick service ordering counter, dining area with storefront views, and a fully functional commercial kitchen
