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Property profile & analytics
OFF-MARKET Estimated value $65,000
Investment properties

332 Central Ave Dunkirk, NY 14048-2148

4,490 SF 0.07 ac lot Built 1926
Individually Owned 5-yr Hold Free & Clear
Property ID
US63-3843099
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1926
Total area 4,490 SF
Lot 0.07 ac (3,060 SF)
Zoning code CBD
APN 060300 79.14-6-29
UPID US63-3843099
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
  • Central Station Restaurant Restaurant
  • Jermaine James Photography (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k
Owner & transaction history
Robert K Lesser Lt · 5 yrs held
Robert K Lesser Lt
since 2020
Last sale
$60,000
2 recorded transactions
2020
Price N/A
2007
$108,000
Zoning & alternative use
CBD · Dunkirk, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Central Business District
General category COMMERCIAL
Zone area 32.04 ac
Source Realmo
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