Property profile

5959 Main St Olcott, NY 14126

OFF-MARKET
Restaurants
6,260 SF Built 1999
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Property summary

AI-generated overview

This unique Olcott, NY property offers a fully renovated sports bar, ideal for sale or lease, boasting 6,260 total square feet. The ground floor features a spacious bar area, while the second floor comprises four apartments and a first-floor studio with a walk-out deck. The space is divisible, with a minimum of 3,000 square feet and a maximum contiguous space of 6,000 square feet available. Built in 1999, the building features a newer roof, siding, and furnace. Enjoy stunning Lake Ontario views from the large patio. A liquor license may be available to a new tenant, offering the potential for year-round income. This property includes an adjacent restaurant with two residential units and a storefront, creating a significant investment opportunity. The combined property price includes both buildings, situated on a 0.07-acre lot at Olcott Harbor Pier, a prime location known for its excellent salmon fishing and water sports. The property benefits from its proximity to Carousel Park, Lakeview Fair Village Shops, Eastern Niagara Hospital, Fisherman's Park, Wilson Marina, local wineries, and the Van Horn Mansion. A private mortgage may be available for qualified buyers with a $200,000 down payment. Note that the adjacent 1+ acre of land is not included in this offering. The adjacent restaurant is currently leased, but both the bar and restaurant can be connected and operated as a single business.

Property profile

Verified
Property type Restaurants
Year built 1999
Total area 6,260 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5959 Main St Olcott, NY 14126
Olcott metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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