Property profile

4038 Hoover Rd Hamburg, NY 14219

FOR SALE
Turn key restaurants
Property ID
US63-2788483
1,380 SF 1.08 ac lot Built 1973
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity sits on a prime 1.08-acre lot boasting 455 feet of stunning Lake Erie waterfront. The property, located at 4038 Hoover Road in Hamburg, Erie County, New York (zip code 14219), offers a spacious 2,420 square feet of interior space, as per the floor plan dated October 15, 2022. The current owner is pursuing other culinary ventures, making this a unique chance to acquire an established business with significant potential. The property's waterfront location provides breathtaking views and a highly desirable setting for a restaurant. This established business has operated year-round in the past and could continue to do so, or alternatively, function as a successful seasonal operation for approximately nine months of the year. The asking price for this exceptional property is $800,000. This is a rare opportunity to own a well-established restaurant with a prime location on the shores of Lake Erie. The property is zoned for commercial use and presents a compelling investment opportunity for a discerning buyer. The property's size and location make it ideal for a variety of culinary concepts. Serious inquiries are encouraged.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Total area 1,380 SF
Lot 1.08 ac (47,045 SF)
Zoning code WC
APN 144889 159.14-1-2.1
UPID US63-2788483

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
  • Restaurant
  • Restaurant

Location

4038 Hoover Rd Hamburg, NY 14219
Hamburg metro Census 13001 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2020
Last sale
$472,750
1 recorded transaction
2020
$472,750

Zoning & alternative use

WC · Blasdell, NY

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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