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Property profile & analytics
OFF-MARKET
Turn key restaurants

4038 Hoover Rd Blasdell, NY 14219-2322

1,380 SF 1.08 ac lot Built 1973
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US63-2788483
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Juicy Burger Bar Restaurant
  • Bedrock Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sotaleta LLC · 5 yrs held
Sotaleta LLC
since 2020
Last sale
$472,750
1 recorded transaction
2020
$472,750
Zoning & alternative use
WC · Blasdell, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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