Updated Restaurant
725 Kenmore Ave, Tonawanda, NY 14223
For Sale
New
$499,900
TND zoning and parking at both the front and rear support the property’s commercial configuration.
Property Size3,350 SF
Price / SF$149.22
Days on Market2
Property Features for 725 Kenmore Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Musa Alamari · License #10401301846
(716) 533-3368
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Howard Hanna WNY Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,350-square-foot restaurant building dates to 1953 and has received updates to its kitchen, bathrooms, electrical system, counters, drywall, and suspended ceiling. Other features include glass block, an awning, and a furnace with central air conditioning. The roof dates to ’06.
Positioned on a main street, the property has parking at the front and rear. Its zoning is TND (Traditional Neighborhood Development).
Positioned on a main street, the property has parking at the front and rear. Its zoning is TND (Traditional Neighborhood Development).
Key Highlights
- 3,350‑square‑foot restaurant building
- Kitchen and bathroom updates, along with newer electrical
- Roof dates to ’06
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,341
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,820
$806.8K
Cap Rate 7%
$576,300
$576.3K
Cap Rate 9%
$448,233
$448.2K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$60.3K $18.00/SF
− Vacancy
−$6.5K −$1.94/SF
EGI
$53.8K $16.06/SF
− OpEx
−$13.4K −$4.01/SF
NOI
$40.3K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,820
Cap Rate 7%
$576,300
Cap Rate 9%
$448,233
Alternative Uses
Best Use
Specialty Retail
$576.3K
$504.3K – $672.4K
NOI $40,341 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.3K
$640.8K – $854.4K
NOI $51,263 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14223, NY
22,658
Population
10,586
Households
2.1
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
3.5 sq mi
ZIP Area
6,474
Density / Sq Mi
$83,528
Median Household Income
$49,835
Median Earnings
$976
Median Rent
$202,200
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Erie County, NY
Properties on Market for Conventional restaurants in Erie County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - TND zoning and parking at both the front and rear support the property’s commercial configuration.
Where is this conventional restaurant located?
The property is located at 725 Kenmore Ave Tonawanda, 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: 3,350‑square‑foot restaurant building; Kitchen and bathroom updates, along with newer electrical; Roof dates to ’06
