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    69 Grand Island Blvd Tonawanda, NY 14150

    For Lease
    Contact for pricing

    Turnkey Restaurant, High Traffic Location

    Lot size:
    3,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,075 square foot retail space at 69 Grand Island Blvd, Tonawanda, NY 14150, is a prime opportunity. Located in Erie County, next to Sheridan Park Golf Course, this Class C building boasts high visibility and consistent traffic. The property features a fully equipped kitchen with premium appliances (hood vents, deep fryers, charcoal grill, milkshake machines) included in the sale. A spacious, awning-covered outdoor seating area is perfect for dining or events. The building includes 15 parking spaces plus street parking. Recent updates include a new roof, AC, and heating system. While electrical and plumbing updates are needed, the seller offers a concession to cover these costs. The property is available for lease at $2,800 per month, with an option to purchase. The current owner will even sell the business name, recipes, and provide training to the new owner, offering a chance to continue a 70-year legacy. Built in 1951, this single-tenant space is ideal for restaurants, breweries, or fast-food franchises. This is a rare opportunity to acquire a well-established business in a high-traffic location.

    Property Features for 69 Grand Island Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,075 SF
    Class
    C

    Building Details

    Year Built
    1951

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,075 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Louie's American Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Clothing Store Gym & Fitness Auto Repair Shop Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.9048657
    Latitude
    42.9808493

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    FAQs

    What type of property is this?
    Retail property - Turnkey Restaurant, High Traffic Location
    Where is this retail property located?
    The property is located at 69 Grand Island Blvd Tonawanda, NY.
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    Tonawanda, NY 14150
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    69 Grand Island Blvd Tonawanda, NY 14150
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