Waterfront Restaurant with
New
For Sale
$1,200,000
57 Harbor Street, Wilson, NY 14172
The furnished dining property includes indoor and outdoor seating, a commercial kitchen, and a dedicated live-music structure.
Property Size9,245 SF
Price / SF$129.80
Days on Market4
Property Features for 57 Harbor Street
General Information
Standard status
Active
Size
9,245 SF
Total Parking Spaces
60
Property subtype
Business
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$39,351
Amenities
bandshell
security system
Building Details
Building Size
9,245 SF
Year Built
1990
Listing Agency:
Great Lakes Real Estate Inc.
Listed By:
Bruce J Andrews · License #31AN0942559
(716) 628-0051
Source:
Highfallssir
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 21 at 2:10AM
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 Great Lakes Real Estate Inc.
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Investment Insights
Based on property information with market context.
Set beside Wilson Harbor near its Lake Ontario entrance, this restaurant property encompasses approximately 9,245 square feet and was built in 1990. The furnished interior has nautical décor and seating arranged to take in harbor views. Indoor capacity is approximately 200, with outdoor seating for approximately 140. A commercial kitchen is equipped for food service, and a bandshell provides space for live performances. The property also has a security system and parking for approximately 60 vehicles.
The combination of indoor and outdoor dining areas, kitchen facilities, and an outdoor performance structure supports multiple components of restaurant operations at one waterfront location.
The combination of indoor and outdoor dining areas, kitchen facilities, and an outdoor performance structure supports multiple components of restaurant operations at one waterfront location.
Key Highlights
- Approximately 9,245 square feet beside Wilson Harbor near its Lake Ontario entrance
- Indoor seating for approximately 200 and outdoor seating for approximately 140
- Commercial kitchen is fully equipped
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,156
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,120
$1.9M
Cap Rate 7%
$1,330,800
$1.3M
Cap Rate 9%
$1,035,067
$1.0M
Market Conditions
NOI Build-Up for 9,245 SF
Gross rent
$133.1K $14.40/SF
− Vacancy
−$8.9K −$0.96/SF
EGI
$124.2K $13.44/SF
− OpEx
−$31.1K −$3.36/SF
NOI
$93.2K $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%
$1,863,120
Cap Rate 7%
$1,330,800
Cap Rate 9%
$1,035,067
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,156 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.86M
$6.87M – $9.16M
NOI $549,881 @ 7.0% cap · market cap 45.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 14172, NY
3,301
Population
1,702
Households
1.9
Avg Household Size
46
Median Age
27%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
126
Density / Sq Mi
$76,094
Median Household Income
$47,917
Median Earnings
$786
Median Rent
$179,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The furnished dining property includes indoor and outdoor seating, a commercial kitchen, and a dedicated live-music structure.
Where is this conventional restaurant located?
The property is located at 57 Harbor Street Wilson, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 9,245 square feet beside Wilson Harbor near its Lake Ontario entrance; Indoor seating for approximately 200 and outdoor seating for approximately 140; Commercial kitchen is fully equipped
