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Property profile & analytics

2598 Main St Newfane, NY 14108

  • Bars
  • 5,248 SF
  • 2.80 lot acres
Value Estimation
Last Sale
Mar 26, 2025
$300,000
Location Intelligence
Property ID
US63-2939058
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • ATM / Atm
  • Calhoon's Pub / Pub / Restaurant

Property Details for 2598 Main St

Year built
1940
Lot size
2.80 lot acres
Property size
5,248 SF
Property type
Bars
Property subtype
Pubs
APN
292800 38.08-1-13.1
APU
29280038081131

Description

This exceptional mixed-use property, situated at 2598 Main Street in the heart of historic Newfane, New York, presents a unique investment opportunity. Boasting high visibility on Main Street, this established business, operating for over three generations, offers a turnkey restaurant operation on a substantial 2.8-acre lot. The possibilities are endless with this expansive property. The restaurant itself features a recently updated floor plan, a fully equipped kitchen, and an impressive 13-tap system. Safety is prioritized with a newer Ansul fire suppression system. Outdoor amenities include sand volleyball courts, a pavilion, covered picnic tables, and an outdoor keg cooler with four taps. Ample parking is provided with 71 spaces. A large merchandising cooler is also included, adding to the versatility of this already impressive offering. The 5,248 square foot building provides significant space for expansion or diversification of the existing business. This property is ideally suited for a discerning buyer seeking a well-established, profitable business with significant growth potential. The combination of a thriving restaurant and expansive land provides a rare opportunity in the desirable Newfane market.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $265,000
  • CAP approach

    CAP return
    Estimation
    6%
    $375,000
    6.5%
    $395,000
    7%
    $385,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $435,000
    Geo Method
    $370,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $410,000
    Retail
    $395,000
    Mixed-Use
    $405,000
    Hospitality
    $385,000
    Educational
    $460,000
    Residential Income
    $360,000
    Energy
    $380,000
    Income-Based Land
    $405,000
    Food Service
    $405,000

Location Insight

  • Map
  • Local Demand
City
Newfane
County
Niagara
State
New York
Longitude
-78.7126
Latitude
43.2883
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$28,000
$101,200
$129,200
-
$53,854
$194,646
$248,500
More about this property
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