Turnkey Retail Restaurant
For Sale
$499,000
744 Millersport Highway, Amherst, NY 14226
Turnkey 1,282 sq ft space with permitted commercial kitchen and walk-in refrigeration for restaurant or specialty market.
Property Size1,282 SF
Days on Market177
Property Features for 744 Millersport Highway
General Information
Standard status
Active
Size
1,282 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$4,232
Building Details
Building Size
1,282 SF
Year Built
1960
Listing Agency:
Symphony Real Estate LLC
Listed By:
Joshua King · License #10401381093
(615) 543-1603
Source:
Highfallssir
Added: Apr 28
Changed: Oct 20
Last Checked: Oct 19 at 3:52PM
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 Symphony Real Estate LLC
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Investment Insights
Based on property information with market context.
This turnkey 1,282 sq ft retail space is currently operating as a small Asian grocery and neighborhood restaurant, with a flexible open layout suited for dine-in or takeout service and specialty retail. The space includes a fully permitted commercial kitchen, walk-in freezer, coolers, and existing shelving and appliances, all of which can remain with the property.
Located at 744 Millersport Hwy in Eggertsville, the property sits between UB North and South campuses, positioned to serve both student and residential foot traffic. The offering also includes ample parking, with convenience-oriented transit characteristics noted as bikeScore 33 (somewhat bikeable), walkScore 17 (car-dependent), and transitScore 40 (some transit).
Located at 744 Millersport Hwy in Eggertsville, the property sits between UB North and South campuses, positioned to serve both student and residential foot traffic. The offering also includes ample parking, with convenience-oriented transit characteristics noted as bikeScore 33 (somewhat bikeable), walkScore 17 (car-dependent), and transitScore 40 (some transit).
Key Highlights
- 1,282 SF retail space built in 1960 on Millersport Highway in Eggertsville
- Fully permitted commercial kitchen for restaurant use
- Includes walk‑in freezer and walk‑in refrigeration/coolers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,815
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,300
$356.3K
Cap Rate 7%
$254,500
$254.5K
Cap Rate 9%
$197,944
$197.9K
Market Conditions
NOI Build-Up for 1,282 SF
Gross rent
$24.6K $19.20/SF
− Vacancy
−$862 −$0.67/SF
EGI
$23.8K $18.53/SF
− OpEx
−$5.9K −$4.63/SF
NOI
$17.8K $13.90/SF
Area
Amherst, NY
Vacancy
3.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,300
Cap Rate 7%
$254,500
Cap Rate 9%
$197,944
Alternative Uses
Best Use
Specialty Retail
$254.5K
$222.7K – $296.9K
NOI $17,815 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$221.5K
$193.8K – $258.5K
NOI $15,507 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$330.4K
$289.1K – $385.5K
NOI $23,127 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Ni Hoowa Supermarket — 3173 Sheridan Dr, Buffalo, NY 14226
- Spresh Indian Supermarket — 3355 Sheridan Dr, Buffalo, NY 14226
- Walmart GRO Receiving — 3290 sheridan dr, amherst, ny 14226
- Walmart GM Receiving — 3290 Sheridan Dr, Amherst, NY 14226
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey 1,282 sq ft space with permitted commercial kitchen and walk-in refrigeration for restaurant or specialty market.
Where is this grocery and convenience store located?
The property is located at 744 Millersport Highway Amherst, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,282 SF retail space built in 1960 on Millersport Highway in Eggertsville; Fully permitted commercial kitchen for restaurant use; Includes walk‑in freezer and walk‑in refrigeration/coolers
