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    Established Restaurant Near Niagara Falls Title is generated by Realmo AI

    3041 Military Rd, Niagara Falls, NY 14304

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    Restaurant with bar, banquet room, and large parking lot.

    Type:Business for Sale, Hospitality, Retail
    Property size:
    4,735 SF
    Price / SF:
    $168/SF
    Added:
    Aug 23, 2024
    Days on Market:
    657
    Last Refresh:
    May 12 at 8:44 pm

    Property Features for 3041 Military Rd

    General Information

    Standard status
    Active
    Size
    4,735 SF
    Property subtype
    Business for Sale, Hospitality, Retail

    Building Details

    Year Built
    1955

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    Listing Contact
    David Pascucci

    Listing agent David Pascucci License #10301223803

    Listing office CENTURY 21 North East

    Listing date Aug 23, 2024

    Source Crexi

    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 CENTURY 21 North East

    HighLights

    • Sale includes business, real estate, and all contents.
    • Prime location near I‑90, Fashion Outlets, Canada, Lewiston, and Niagara Falls State Park.
    • Large, paved parking lot with approximately 68 spots.
    • Features a bar, banquet room, and dining area.
    • Well‑established restaurant with a strong customer base.
    • ADA compliant restrooms.

    Overview

    This established restaurant, located in the Town of Niagara, includes a bar, banquet room, and dining area. The property features a large, paved parking lot with approximately 68 spaces. The sale encompasses both the business and the real estate. Its location offers proximity to the I-90, Fashion Outlets of Niagara, Canada, Lewiston, and Niagara Falls State Park. The restrooms are ADA compliant. The building size is 4,735 square feet.

    Local Financial Insights For 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 $85.2k $18.00
    − Vacancy −$10.8k −$2.29
    EGI $74.4k $15.71
    − OpEx −$22.3k −$4.71
    NOI $52.1k $11.00
    4,735 SF · lease $18.00/SF/yr · vacancy 12.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $744.1K
    $651.1K – $868.1K (±1% cap)
    NOI $52,084 @ 7.0% cap · market cap 6.51%
    Second Best
    Specialty Retail
    $681.6K
    $596.4K – $795.2K (±1% cap)
    NOI $47,712 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Warehouse
    $4.02M
    $3.52M – $4.69M (±1% cap)
    NOI $281,632 @ 7.0% cap · market cap 35.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casa Nova Restaurant Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9907733
    Latitude
    43.1141027

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with bar, banquet room, and large parking lot.
    Where is this conventional restaurant located?
    The property is located at 3041 Military Rd Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: Sale includes business, real estate, and all contents.; Prime location near I‑90, Fashion Outlets, Canada, Lewiston, and Niagara Falls State Park.; Large, paved parking lot with approximately 68 spots.
    More about this property
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