Established Restaurant Near Niagara
3041 Military Rd Niagara Falls, NY 14304
For Sale
Contact for pricing
Restaurant with bar, banquet room, and large parking lot.
Property Size4,735 SF
Price / SF$168.93
Days on Market706
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 Agency:
CENTURY 21 North East
(716) 754-9963
Listed By:
David Pascucci · License #10301223803
Source:
Crexi
Added: Aug 23, 2024
Changed: Jul 10
Last Checked: Jul 29 at 6:54AM
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
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 For Specialty 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 | $68.2k | $14.40 |
| − Vacancy | −$4.6k | −$0.96 |
| EGI | $63.6k | $13.44 |
| − OpEx | −$15.9k | −$3.36 |
| NOI | $47.7k | $10.08 |
4,735 SF · lease $14.40/SF/yr · vacancy 6.70% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
