Current Use by Public Records
- Restaurants
Property Details for 5959 Main St
- Year built
- 1999
- Property type
- Restaurants
- Property subtype
- Office Spaces
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olcott
- County
- Niagara
- State
- New York
- Longitude
- -78.7146
- Latitude
- 43.3382
