3041 Military Rd, Niagara Falls, NY 14304
Restaurant with bar, banquet room, and large parking lot.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Niagara Falls
- County
- Niagara
- State
- New York
- Longitude
- -78.9907733
- Latitude
- 43.1141027