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    OFF-MARKET
    Turn key restaurants

    219 Broad St, Salamanca, NY 14779-1441

    1,265 SF 0.35 ac lot Built 1900
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US63-6029577
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses two adjacent commercial buildings totaling 1,265 square feet on a 0.36-acre lot in the heart of Salamanca, NY. The property, located at 219 & 231 Broad Street, currently houses a thriving pizza restaurant, ice cream parlor, coffee shop, and gift shop. Recent renovations to 219 Broad Street include an expanded dining area and a fully equipped, dual-kitchen setup featuring pizza ovens, a hood vent, and a walk-in cooler. The property boasts ample parking for 12-15 vehicles and an outdoor seating area. 231 Broad Street, currently operating as a gift shop, offers versatile commercial zoning, allowing for diverse future uses, including retail or office space. The strategic location benefits from high foot traffic, drawing both local residents and tourists attracted to nearby attractions such as the Salamanca Casino, Allegheny State Park, and St. Bonaventure University in Olean. This turnkey operation includes all equipment, inventory, and established brand names, presenting a rare opportunity to acquire a profitable, multi-faceted business with significant growth potential. Lease rates are negotiable. The property is zoned commercial and is a single-story free-standing building in Cattaraugus County.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Total area 1,265 SF
    Lot 0.35 ac (15,444 SF)
    Zoning code 03 - MULTI-FAMILY
    APN 041600 73.078-2-21
    UPID US63-6029577
    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
    Current use
    Occupant on record · Public records
    • Latinos pizzeria Restaurant
    • Marino's Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Sandra Hill · 5 yrs held
    Sandra Hill
    since 2021
    3 recorded transactions
    2021
    2015
    $158,000
    2007
    $162,000
    Zoning & alternative use
    03 - MULTI-FAMILY · Salamanca, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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