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    OFF-MARKET
    Drive through restaurants

    1018 Portville Olean Rd, Portville, NY 14770-9744

    928 SF 1.05 ac lot Built 1940
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-3929754
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    PIZZALAND PORTVILLE, LLC · 6 yrs held
    PIZZALAND PORTVILLE, LLC
    since 2020
    1 recorded transaction
    2020
    Zoning & alternative use
    CON · Portville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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