Property profile

1018 Portville Olean Rd Portville, NY 14770

OFF-MARKET
Drive through restaurants
Property ID
US63-3929754
928 SF 1.05 ac lot Built 1940
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established restaurant in Portville, NY, situated on a 1.05-acre lot. Priced at $299,900, the property boasts 928 square feet of commercial space, including a small interior dining area and an outdoor picnic area. All restaurant equipment and furniture are included in the sale, ensuring a seamless transition for the new owner. Ample parking is available on-site, along with a separate storage building for added convenience. The property's significant acreage also includes a mobile home, currently generating additional rental income. The existing mobile home tenant holds a life-use lease with a monthly rental payment. The current owner is retiring due to health concerns but is willing to provide short-term assistance during the transition to ensure a smooth handover. Detailed financial information is available upon request for qualified buyers. This turnkey operation offers a unique chance to acquire a thriving business with significant potential for growth within a strong community. The combination of the established restaurant, additional rental income from the mobile home, and ample land makes this a truly compelling investment prospect.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1940
Total area 928 SF
Lot 1.05 ac (45,738 SF)
Zoning code CON
APN 047489 104.010-1-28.3
UPID US63-3929754

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1018 Portville Olean Rd Portville, NY 14770-9744
Portville metro Census 961200 OLEAN, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

CON · Portville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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