Property profile

10417 Main St Findley Lake, NY 14736

OFF-MARKET
Turn key restaurants
Property ID
US63-0364917
1,344 SF 0.37 ac lot Built 1960
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This established and profitable bar and restaurant, Alexander's on the Lake, presents a unique investment opportunity in the vibrant Findley Lake community of Chautauqua County, New York. Located at 10417 Main St, Findley Lake, NY 14736, this 2,300 square foot, single-story Class B building sits on a 0.54-acre lot (APN: 065200-359-006-0004-008-000) and boasts a 100% occupancy rate. Built in 1900 and extensively renovated in 2017, the property is zoned C and features a fully documented operational structure, including recipes. Recent improvements include Trex decking, expanded walk-in cooler and freezer units, and gas heaters for the outdoor deck, enhancing both functionality and guest experience. The business benefits from low credit card processing fees (under 2%) and a 3% food rebate. A strong social media presence ensures consistent customer engagement. The sale includes all furniture, fixtures, and equipment (FFE), along with the liquor license. The current owners will assist with a smooth transition for the new owners. A non-disclosure agreement (NDA) is required to access detailed financial information. This turnkey operation offers a compelling opportunity for an owner/user to step into a well-established and thriving business within a desirable lakeside setting. The average employee tenure of three years speaks volumes about the positive work environment and operational stability.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 1,344 SF
Lot 0.37 ac (16,117 SF)
Zoning code 05 - COMMERCIAL
APN 065200 359.06-4-8
UPID US63-0364917

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

10417 Main St Findley Lake, NY 14736
Findley Lake metro Census 36600 JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2020
Last sale
$200,000
2 recorded transactions
2020
$385,000
2015
$200,000

Zoning & alternative use

05 - COMMERCIAL · Findley Lake, 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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