Bakery and Restaurant
New
For Sale
$899,000
5668 Saunders Settlement Road, Lockport, NY 14094
An established bakery combines customer-facing retail sales with wholesale accounts and deli offerings.
Property Size3,400 SF
Lot Size4.00 Acres
Price / SF$264.41
Days on Market2
Property Features for 5668 Saunders Settlement Road
General Information
Standard status
Active
Size
3,400 SF
Lot size
4.00 Acres
Financials
Asking Price
$899,000
Business Included
Yes
Listing Agency:
Nichol City Realty
(716) 288-5484
Listed By:
Linda L Okonzak · License #30OK0648718
(716) 609-0605
Source:
Nicholcityrealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:20AM
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 Nichol City Realty
Investment Insights
Based on property information with market context.
This bakery and restaurant business has operated for 44 years in Lockport, with retail sales and wholesale accounts. Its offerings include pies, cookies, and deli sandwiches. The business is presented with 4 acres of real estate at 5668 Saunders Settlement Road, and the property information gives a size of 3,400 without specifying a unit.
The location is described as being near factories and other businesses. The business also has existing space for its food-service operation.
The location is described as being near factories and other businesses. The business also has existing space for its food-service operation.
Key Highlights
- 44‑year operating history
- 4 acres of real estate included
- Retail sales and wholesale accounts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,399
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,980
$748.0K
Cap Rate 7%
$534,271
$534.3K
Cap Rate 9%
$415,544
$415.5K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$61.2K $18.00/SF
− Vacancy
−$7.8K −$2.29/SF
EGI
$53.4K $15.71/SF
− OpEx
−$16.0K −$4.71/SF
NOI
$37.4K $11.00/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,980
Cap Rate 7%
$534,271
Cap Rate 9%
$415,544
Alternative Uses
Best Use
Retail
$534.3K
$467.5K – $623.3K
NOI $37,399 @ 7.0% cap · market cap 4.16%
Second Best
Specialty Retail
$489.4K
$428.3K – $571.0K
NOI $34,260 @ 7.0% cap · market cap 3.81%
Theoretical Best
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,228 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established bakery combines customer-facing retail sales with wholesale accounts and deli offerings.
Where is this conventional restaurant located?
The property is located at 5668 Saunders Settlement Road Lockport, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 44‑year operating history; 4 acres of real estate included; Retail sales and wholesale accounts
