Property profile

2598 Main St Newfane, NY 14108

OFF-MARKET
Bars & Pubs
Property ID
US63-2939058
5,248 SF 2.8 ac lot Built 1940
Entity Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Atm
  • Bar & Pub Restaurant

Location

2598 Main St Newfane, NY 14108-1021
Newfane metro Census 24201 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2025
Last sale
$300,000
3 recorded transactions
2025
$300,000
2025
Price N/A
2015
Price N/A

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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