Bar and Restaurant with
6848 Erie Rd Derby, NY 14047
6848 Erie Rd, Derby, NY, 14047
$499,900
For Sale
$499,900
Established bar and restaurant with dining, covered deck, and an attached two-bedroom apartment.
Property Size2,123 SF
Price / SF$235.47
Days on Market50
Property Features for 6848 Erie Rd
General Information
- Standard status
- Active
- Size
- 2,123 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
WNY METRO ROBERTS REALTY
(716) 725-8725
Listed by
Kimberly Hulburd · License #40HU0735049
(716) 725-8725
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 8:53AM
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 WNY METRO ROBERTS REALTY
Investment Insights
Based on property information with market context.
This sale features a well-established bar and restaurant with a functional back-of-house for full-service operations. The 18x28 bar area includes an 18-foot bar top, supported by a 30x30 dining room designed for larger gatherings. A 29x11 kitchen is complemented by a recently updated 10x8 walking cooler, along with a 20x20 storage and office area to support day-to-day needs. Outdoor space is provided by a 34x16 covered deck for patrons.
The property sits on a corner lot and is vinyl sided, with a blacktop parking area accommodating approximately 35 vehicles. Quick Draw and Lottery machines are already in place.
The layout also includes an 800 sq ft two-bedroom apartment (with newer windows) that could generate $800/month in rental income, supported by the apartment’s room sizes and additional private outdoor space including a 10x11 deck. With central air, forced air heating, and two-zone baseboard heating, the building is configured for year-round comfort across both the operating area and the residence.
The property sits on a corner lot and is vinyl sided, with a blacktop parking area accommodating approximately 35 vehicles. Quick Draw and Lottery machines are already in place.
The layout also includes an 800 sq ft two-bedroom apartment (with newer windows) that could generate $800/month in rental income, supported by the apartment’s room sizes and additional private outdoor space including a 10x11 deck. With central air, forced air heating, and two-zone baseboard heating, the building is configured for year-round comfort across both the operating area and the residence.
Key Highlights
- Established bar and restaurant with an 18x28 bar area and an 18‑foot bar top
- 30x30 dining room plus a 29x11 kitchen with equipment and a recently updated 10x8 walking cooler
- 34x16 covered deck for patrons and Quick Draw/lottery machines already in place
Local Financial Insights For Specialty 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 | $38.2k | $18.00 |
| − Vacancy | −$4.1k | −$1.94 |
| EGI | $34.1k | $16.06 |
| − OpEx | −$8.5k | −$4.01 |
| NOI | $25.6k | $12.04 |
2,123 SF · lease $18.00/SF/yr · vacancy 10.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$365.2K
$319.6K – $426.1K
NOI $25,565 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.1K
$406.1K – $541.5K
NOI $32,487 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Meadowbrook Restaurant & Bar
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- The Shore House Bar & Grill — 6558 Lake Shore Rd, Derby, NY 14047
- Meadowbrook Restaurant & Bar — 6848 Erie Rd, Derby, NY 14047
FAQs
What type of property is this?
Bar & Pub - Established bar and restaurant with dining, covered deck, and an attached two-bedroom apartment.
Where is this bar & pub located?
The property is located at 6848 Erie Rd Derby, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Established bar and restaurant with an 18x28 bar area and an 18‑foot bar top; 30x30 dining room plus a 29x11 kitchen with equipment and a recently updated 10x8 walking cooler; 34x16 covered deck for patrons and Quick Draw/lottery machines already in place
