332 Central Ave Dunkirk, NY 14048-2148
This exceptional commercial property at 332 Central Ave, Dunkirk, NY presents a unique investment opportunity. The 5,690 square foot building currently houses a thriving, fully operational restaurant business, ready for immediate operation by a new owner. The existing restaurant is a turnkey operation, meaning all equipment and systems are in place and functioning, allowing for a seamless transition. The business's success is evident in its current operational status. Beyond the established restaurant, this property offers significant potential for expansion. The building's layout allows for additional space development, catering to a variety of business needs. Alternatively, the existing space could be reconfigured to suit a different concept or business model. Adding to the investment appeal, a portion of the building is already leased, generating a consistent monthly income of $350. This passive income stream further enhances the property's overall return on investment. The property sits on a 0.07-acre lot, providing ample space for outdoor seating or potential future development. Priced at $225,000, this property offers a compelling blend of immediate income generation and significant long-term growth potential. Don't miss this chance to acquire a successful, established business with room to grow in a desirable location.
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Central Station Restaurant Restaurant
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Jermaine James Photography (Bike/Boat/Book/etc) Store Photography Service
The CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general services to the City of Dunkirk residents, the CBD should complement the C-1 district and include uses that attract tourists. The CBD will act as t…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Dunkirk, NYThe CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general services to the City of Dunkirk residents, the CBD should complement the C-1 district and include uses that attract tourists. The CBD will act as the retail, financial and administrative center of the City of Dunkirk and surrounding area.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.