2598 Main St Newfane, NY 14108
- Bars
- 5,248 SF
- 2.80 lot acres
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
-
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