332 Central AveDunkirk, NY 14048

Property Details for 332 Central Ave

Year built

1926

Lot size

0.07 AC

Property size (Sq ft)

4,490 SF

Zone code

CBD

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

060300 79.14-6-29

APU

603007914629

Description

This exceptional commercial property at 332 Central Ave, Dunkirk, NY presents a unique investment opportunity. The 5,690 square foot building currently houses a thriving, fully operational restaurant business, ready for immediate operation by a new owner. The existing restaurant is a turnkey operation, meaning all equipment and systems are in place and functioning, allowing for a seamless transition. The business's success is evident in its current operational status. Beyond the established restaurant, this property offers significant potential for expansion. The building's layout allows for additional space development, catering to a variety of business needs. Alternatively, the existing space could be reconfigured to suit a different concept or business model. Adding to the investment appeal, a portion of the building is already leased, generating a consistent monthly income of $350. This passive income stream further enhances the property's overall return on investment. The property sits on a 0.07-acre lot, providing ample space for outdoor seating or potential future development. Priced at $225,000, this property offers a compelling blend of immediate income generation and significant long-term growth potential. Don't miss this chance to acquire a successful, established business with room to grow in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $861,147

  6.5%

  $794,905

  7%

  $738,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $439,252

  Geo Method

  $897,731

• Alternative Use

  Use

  Valuation

  Residential

  $985,683

  Hospitality

  $902,880

  Educational

  $751,186

  Medical

  $777,020

  Retail

  $1,168,511

Location Insight

City

Dunkirk

County

Chautauqua

State

New York

Latitude

42.4838

Longitude

-79.3342

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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