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    FOR SALE
    Turn key restaurants

    3041 Military Rd, Niagara Falls, NY 14304

    4,400 SF 0.62 ac lot Built 1978
    Individually Owned 20-yr Hold Free & Clear
    Property ID
    US63-2575994
    Property summary
    AI-generated overview

    This exceptional opportunity presents a thriving restaurant and building for sale at 3041 Military Road in Niagara Falls, NY. The property, situated on a 1.1-acre lot, offers 4,735 square feet of space, ideal for continued operation or potential redevelopment. Built in 1955, the single-story Class B building features a bar, banquet room, and spacious dining area, all equipped and ready for immediate use. The sale includes all contents, ensuring a seamless transition for the new owner. The property boasts ample parking with approximately 68 spaces, a significant advantage in this high-traffic location. Its prime location near I-90, the Fashion Outlets of Niagara, Canada, Lewiston, and Niagara Falls State Park guarantees high visibility and accessibility. The property is zoned commercial and features ADA-compliant restrooms. The asking price is $799,900, translating to $168.93 per square foot. This turnkey operation offers a strong customer base and a welcoming atmosphere, making it an attractive investment for owner-users seeking a well-established business in a prime location. The property's Assessed Parcel Numbers are 293000-145-007-0004-001-000 and 293000-145-007-0004-002-000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1978
    Total area 4,400 SF
    Lot 0.62 ac (26,978 SF)
    Zoning code 05 - COMMERCIAL
    APN 293000 145.07-4-1
    UPID US63-2575994
    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
    • Casa Nova Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    John F Ognibene · 20 yrs held
    John F Ognibene
    since 2005
    1 recorded transaction
    2005
    Zoning & alternative use
    05 - COMMERCIAL · Niagara Falls, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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