Mixed-Use Restaurant
For Sale
$425,000
951 Ridge Road, Lackawanna, NY 14218
Established restaurant operation with an upstairs apartment, owned equipment, patio seating, and on-site parking.
Property Size2,888 SF
Lot Size1.09 Acres
Price / SF$147.16
Days on Market53
Property Features for 951 Ridge Road
General Information
Standard status
Active
Size
2,888 SF
Net Rentable
1,000 SF
Total Parking Spaces
30
Lot size
1.09 Acres
Property subtype
Mixed Use
Financials
Average Monthly Rent
$1,150
Business Included
Yes
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,565
Building Details
Building Size
2,888 SF
Year Built
1945
Buildings
1
Listing Agency:
Giambra Realty Corp
Listed By:
Nicholas Giambra · License #10311210668
(716) 239-6432
Source:
Highfallssir
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 13 at 2:20AM
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 Giambra Realty Corp
Investment Insights
Based on property information with market context.
The property combines a fully equipped restaurant with an upper-level residential unit. The 2,888-square-foot building sits on 1.09 acres and includes a 70-seat dining room, a 20-seat patio, and a second-floor one-bedroom, one-bath apartment of approximately 1,000 square feet. The apartment features hardwood floors and skylights. Restaurant equipment includes four beer taps, three fryers, a gas-powered charcoal indoor spit, two hood/Ansul systems, an ice machine, and a walk-in cooler. The real estate, equipment, and inventory are offered together, and the restaurant operates under the Steve's Ox & Pig Roast name.
Property improvements include a roof replacement approximately 12 years ago, three heating units, three cooling units, 220-amp electric service, and copper water lines. Parking accommodates 30 cars. The site is near Rt. 5, Rt. 219, I-90, Our Lady of Victory Basilica, and the Buffalo & Erie County Botanical Gardens. The business has a documented revenue history, customer ratings ranging from 4.5-4.6/5, and a clean health inspection history.
Property improvements include a roof replacement approximately 12 years ago, three heating units, three cooling units, 220-amp electric service, and copper water lines. Parking accommodates 30 cars. The site is near Rt. 5, Rt. 219, I-90, Our Lady of Victory Basilica, and the Buffalo & Erie County Botanical Gardens. The business has a documented revenue history, customer ratings ranging from 4.5-4.6/5, and a clean health inspection history.
Key Highlights
- 2,888 SF building on 1.09 acres
- 70‑seat restaurant plus 20‑seat patio
- Second‑floor 1BR/1BA apartment of approximately 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,114
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,280
$662.3K
Cap Rate 7%
$473,057
$473.1K
Cap Rate 9%
$367,933
$367.9K
Market Conditions
NOI Build-Up for 2,888 SF
Gross rent
$48.5K $16.80/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$44.2K $15.29/SF
− OpEx
−$11.0K −$3.82/SF
NOI
$33.1K $11.47/SF
Area
Buffalo, NY
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,280
Cap Rate 7%
$473,057
Cap Rate 9%
$367,933
Alternative Uses
Best Use
Specialty Retail
$473.1K
$413.9K – $551.9K
NOI $33,114 @ 7.0% cap · market cap 7.79%
Second Best
Mixed Use
$445.6K
$389.9K – $519.8K
NOI $31,190 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$694.5K
$607.7K – $810.3K
NOI $48,615 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Established restaurant operation with an upstairs apartment, owned equipment, patio seating, and on-site parking.
Where is this mixed-use property located?
The property is located at 951 Ridge Road Lackawanna, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,888 SF building on 1.09 acres; 70‑seat restaurant plus 20‑seat patio; Second‑floor 1BR/1BA apartment of approximately 1,000 SF
