99 Aurora St Lancaster, NY 14086
- Turn key restaurants
- 2,695 SF
- 0.40 lot acres
Current Use by Public Records
- 99 Brick Oven Bar & Grille / Bar & Grill
Property Details for 99 Aurora St
- Year built
- 1900
- Lot size
- 0.40 lot acres
- Property size
- 2,695 SF
- Property type
- Turn key restaurants
- APN
- 145203 115.25-3-20
- APU
- 14520311525320
Description
This exceptional turnkey restaurant opportunity presents a rare chance to acquire a well-established Lancaster Village business, operating successfully for over 11 years. The 4,095 square foot building sits on a 0.4-acre lot and is priced at $1,800,000. Extensive renovations within the last five years have resulted in a completely modernized property. Improvements include a new tear-off arch roof, furnace, five AC units, two hot water tanks, and a maintenance-free exterior. The property also boasts an 8-foot privacy fence, a new front entrance door, and attractive perimeter gardens surrounding the parking lot, which includes additional patio seating. Inside, the restaurant features a state-of-the-art sound system, eight televisions, and a completely remodeled bar with leathered granite countertops. Both bathrooms have been updated, and the kitchen is equipped with an automatic glass washer, a glass freezer, and ample walk-in coolers and freezers. The chef's prep area even includes its own air conditioning. A unique feature is a second-story loft area perfect for private events, complete with a small rooftop garden. High-end kitchen equipment includes a brick oven for pizza and a 20,000-dollar dough mixer imported from Italy. The property offers parking for 30 vehicles, and long-standing neighborhood compliance allows for overflow parking, a significant advantage for this one-of-a-kind neighborhood restaurant. Financial records are available upon request, showcasing the strong profitability of this established business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $190,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $210,000
- Mixed-Use
- $220,000
- Hospitality
- $225,000
- Educational
- $210,000
- Residential Income
- $220,000
- Energy
- $185,000
- Income-Based Land
- $165,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Erie
- State
- New York
- Longitude
- -78.675
- Latitude
- 42.898
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA