Restaurant with Banquet
For Sale
$1,195,000
9415 Main Street, Clarence, NY 14031
Two commercial kitchens, separate dining areas and a full-service bar support food-service operations.
Property Size8,579 SF
Price / SF$139.29
Days on Market32
Property Features for 9415 Main Street
General Information
Standard status
Active
Size
8,579 SF
Property subtype
Business
Additional Details
Asking Price
$1,195,000
Equipment Included
No
Building Details
Year Built
1950
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Prestigefamilyrealty
Added: Oct 1
Changed: Nov 1
Last Checked: Nov 1 at 1:45AM
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 WNYbyOwner.com
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Investment Insights
Based on property information with market context.
Offered for sale, this restaurant and banquet property includes the building, land and parking. The interior has two commercial kitchens, separate dining areas, a full-service bar and two banquet rooms. A pizza station includes two ovens, one of them an imported Italian brick oven. The facility also has approximately five restrooms and substantial storage and service areas. Kitchen and banquet furniture, fixtures and equipment may be acquired separately.
The property occupies approximately 1± acre and provides more than 90 parking spaces. Building updates include roof replacements in 2024, five HVAC units updated in 2021 and new hot water tanks in 2022.
The property occupies approximately 1± acre and provides more than 90 parking spaces. Building updates include roof replacements in 2024, five HVAC units updated in 2021 and new hot water tanks in 2022.
Key Highlights
- Two banquet and event rooms, plus separate dining areas
- More than 90 parking spaces on approximately 1± acre
- Two commercial kitchens and a full‑service bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,308
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,160
$2.1M
Cap Rate 7%
$1,475,829
$1.5M
Cap Rate 9%
$1,147,867
$1.1M
Market Conditions
NOI Build-Up for 8,579 SF
Gross rent
$154.4K $18.00/SF
− Vacancy
−$16.7K −$1.94/SF
EGI
$137.7K $16.06/SF
− OpEx
−$34.4K −$4.01/SF
NOI
$103.3K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,160
Cap Rate 7%
$1,475,829
Cap Rate 9%
$1,147,867
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,308 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,279 @ 7.0% cap · market cap 10.99%
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
208
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
6,463 visits/mo
0.1 miles
Crosby's
Shops & Services
3,429 visits/mo
0.2 miles
Demographics for 14031, NY
9,983
Population
4,539
Households
2.2
Avg Household Size
51
Median Age
51%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
515
Density / Sq Mi
$99,639
Median Household Income
$59,366
Median Earnings
$930
Median Rent
$324,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Restaurant - Two commercial kitchens, separate dining areas and a full-service bar support food-service operations.
Where is this restaurant located?
The property is located at 9415 Main Street Clarence, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two banquet and event rooms, plus separate dining areas; More than 90 parking spaces on approximately 1± acre; Two commercial kitchens and a full‑service bar
