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    Turnkey Restaurant in Downtown Fredonia Title is generated by Realmo AI

    64 W Main Street, Fredonia, NY 14063

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    For Lease
    $595,000 SF/Yr $193,375,000/Mo (calc)

    COMMERCIAL - Fredonia, NY

    Property size:
    3,900 SF
    Lot size:
    0.21 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    57
    Last Refresh:
    May 16 at 9:06 pm

    Property Features for 64 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    425
    Parking
    8
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    065801-113-065-0001-055-000
    Size
    3,900 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    13814

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Tammy Hess Schmitt
    Tammy Hess Schmitt

    Listing agent Tammy Hess Schmitt License #40HE1022222

    Listing office Howard Hanna Holt - Fredonia 44 Temple St, Mayville, NY

    Listing date Mar 21, 2026

    MLS# R1667313

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated, turnkey restaurant property built out in 2021.
    • Includes a full commercial kitchen and complete package of glassware, barware, utensils, and cookware.
    • Features multiple dining areas and three outdoor patios, including an enclosed four‑season patio with gas firepit.
    • Total seating capacity for 128 guests indoors and 88 guests outdoors.
    • Equipped with walk‑in refrigeration, DJ booth, stage for live music, and televisions throughout.
    • Located in the heart of downtown Fredonia.

    Overview

    This is a fully renovated, turnkey restaurant property located in downtown Fredonia. The 3,900+/- square foot building was built out from top to bottom in 2021. It features a full commercial kitchen, an expansive bar, and multiple dining areas. There are also three outdoor patios, including an enclosed four-season patio with a gas firepit. The space is equipped with walk-in refrigeration, a DJ booth, a stage for live music, and televisions throughout. A complete package of glassware, barware, utensils, and cookware is included. The property offers seating for 128 guests indoors and 88 guests outdoors, maximizing dining capacity year-round. The property is zoned 425 and sits on a lot of 0.2121 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    64 On The Rocks Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredonia
    County
    Chautauqua
    State
    New York
    Longitude
    -79.332704
    Latitude
    42.43841

    Nearby Similar for Lease

    • $425,000 SF/Yr
      6,928 SF

      Fredonia Commercial/Industrial Building For Lease

      20,000 SF commercial/industrial building with loading docks and updated features.
      9491 Route 60, Fredonia, NY 14063
      View Details
    • $6 SF/Yr
      2,000 SF

      Retail Space Near SUNY Fredonia

      Retail space with high visibility and ample parking available for rent.
      10378 Rte 60, Fredonia, NY
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully renovated restaurant property with indoor and outdoor seating.
    Where is this conventional restaurant located?
    The property is located at 64 W Main Street Fredonia, NY.
    What is the lease rate?
    The lease rate is $595,000.
    What are key features of this property?
    This property features: Fully renovated, turnkey restaurant property built out in 2021.; Includes a **full commercial kitchen** and complete package of glassware, barware, utensils, and cookware.; Features multiple dining areas and **three outdoor patios, including an enclosed four‑season patio with gas firepit.**
    (716) 679-8355
    We can help!
    Listing Contact
    Tammy Hess Schmitt
    Tammy Hess Schmitt
    Real Estate License ID: 40HE1022222
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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