Brick Oven Restaurant with
For Sale
$1,299,000
99 Aurora Street, Lancaster, NY 14086
Established restaurant with loft seating, outdoor dining, dedicated parking, and commercial kitchen equipment.
Property Size4,095 SF
Days on Market92
Property Features for 99 Aurora Street
General Information
Standard status
Active
Size
4,095 SF
Total Parking Spaces
30
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$8,213
Building Details
Building Size
4,095 SF
Year Built
1900
Listing Agency:
Nichol City Realty
Listed By:
Linda L Okonzak · License #30OK0648718
(716) 609-0605
Source:
Highfallssir
Added: Jul 17
Changed: Oct 15
Last Checked: Oct 15 at 5:19AM
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 Nichol City Realty
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Investment Insights
Based on property information with market context.
This 4,095-square-foot restaurant property includes a genuine brick oven, an Italian dough mixer, a second-story loft, and an outdoor patio with gardens. The operation has served the community for 13 years and is currently open five days per week. Interior amenities include 8 TVs, while the property is supported by a newer roof and 5 AC units.
Located at 99 Aurora St in Lancaster, New York, the property includes dedicated parking for 30 vehicles, along with a shared driveway and fenced exterior. The rectangular parcel measures 100X175. Rooftop expansion potential is also identified, offering an additional physical feature for consideration.
Located at 99 Aurora St in Lancaster, New York, the property includes dedicated parking for 30 vehicles, along with a shared driveway and fenced exterior. The rectangular parcel measures 100X175. Rooftop expansion potential is also identified, offering an additional physical feature for consideration.
Key Highlights
- 4,095 SF restaurant property at 99 AURORA ST, LANCASTER, NY 14086
- Genuine brick oven and Italian dough mixer included
- Second‑story loft and outdoor patio with gardens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,312
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,240
$986.2K
Cap Rate 7%
$704,457
$704.5K
Cap Rate 9%
$547,911
$547.9K
Market Conditions
NOI Build-Up for 4,095 SF
Gross rent
$73.7K $18.00/SF
− Vacancy
−$8.0K −$1.94/SF
EGI
$65.7K $16.06/SF
− OpEx
−$16.4K −$4.01/SF
NOI
$49.3K $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%
$986,240
Cap Rate 7%
$704,457
Cap Rate 9%
$547,911
Alternative Uses
Best Use
Specialty Retail
$704.5K
$616.4K – $821.9K
NOI $49,312 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.2K
$783.3K – $1.04M
NOI $62,663 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14086, NY
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,051
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
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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?
Conventional restaurant - Established restaurant with loft seating, outdoor dining, dedicated parking, and commercial kitchen equipment.
Where is this conventional restaurant located?
The property is located at 99 Aurora Street Lancaster, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 4,095 SF restaurant property at 99 AURORA ST, LANCASTER, NY 14086; Genuine brick oven and Italian dough mixer included; Second‑story loft and outdoor patio with gardens
