Established Restaurant Near Niagara
For Sale
Contact for pricing
3041 Military Rd, Niagara Falls, NY 14304
Restaurant with bar, banquet room, and large parking lot.
Property Size4,735 SF
Price / SF$168.93
Days on Market797
Property Features for 3041 Military Rd
General Information
Standard status
Active
Size
4,735 SF
Class
B
Total Parking Spaces
68
Property subtype
Business for Sale, Hospitality, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1955
Buildings
1
Stories
1
Units
1
Listing Agency:
CENTURY 21 North East
Listed By:
David Pascucci · License #10301223803
(716) 545-9743
Source:
Crexi
Added: Aug 23, 2024
Changed: Oct 25
Last Checked: Oct 26 at 12:42PM
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
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 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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,712
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,240
$954.2K
Cap Rate 7%
$681,600
$681.6K
Cap Rate 9%
$530,133
$530.1K
Market Conditions
NOI Build-Up for 4,735 SF
Gross rent
$68.2K $14.40/SF
− Vacancy
−$4.6K −$0.96/SF
EGI
$63.6K $13.44/SF
− OpEx
−$15.9K −$3.36/SF
NOI
$47.7K $10.08/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,240
Cap Rate 7%
$681,600
Cap Rate 9%
$530,133
Alternative Uses
Best Use
Specialty Retail
$681.6K
$596.4K – $795.2K
NOI $47,712 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.02M
$3.52M – $4.69M
NOI $281,632 @ 7.0% cap · market cap 35.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 9%
Tim Hortons
Dining
15,377 visits/mo
0.5 miles
Wendy's
Dining
13,565 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
2,196 visits/mo
0.5 miles
Caliber Collision
Shops & Services
349 visits/mo
0.4 miles
Avis Budget Car Rental
Shops & Services
277 visits/mo
0.2 miles
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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.
