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    OFF-MARKET
    Bars & Pubs

    2598 Main St, Newfane, NY 14108-1021

    5,248 SF 2.8 ac lot Built 1940
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-2939058
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1940
    Total area 5,248 SF
    Lot 2.8 ac (121,968 SF)
    APN 292800 38.08-1-13.1
    UPID US63-2939058
    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
    • ATM Atm
    • Calhoon's Pub Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Lady Lake Development LLC · 1 yrs held
    Lady Lake Development LLC
    since 2025
    Last sale
    $300,000
    3 recorded transactions
    2025
    $300,000
    2025
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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