Property profile

437 Ellicott St Buffalo, NY 14203

OFF-MARKET
Turn key restaurants
Property ID
US63-0898919
5,771 SF 0.07 ac lot Built 1930
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in the heart of Buffalo presents a rare chance to acquire a thriving, established business. Located at 437 Ellicott Street, this 4,988 square foot, three-story building boasts a rich history, dating back to the 1930s. The property features stunning architectural details, including exposed brick, classic segmental arches, and beautiful wood floors, creating a unique and inviting atmosphere. The current configuration includes two sunny dining rooms, each complemented by custom-built bars, providing ample seating for 110 guests. The fully licensed establishment also includes a comprehensive catering operation. The fully equipped kitchen is a chef's dream, featuring top-of-the-line equipment such as pressure fryers, a grill, and a smoker, along with two full kitchens, three hoods, two walk-in refrigerators, and one walk-in freezer. The current gross rent is exceptionally low at $4,495. This is a truly remarkable opportunity for an experienced restaurateur to step into a ready-made success or for a new concept to establish itself in a prime location. The owner will provide full support and a comprehensive handover to ensure a smooth transition. The property is offered at $399,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Total area 5,771 SF
Lot 0.07 ac (3,096 SF)
Zoning code N-1C
APN 140200 111.39-1-27
UPID US63-0898919

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

Location

437 Ellicott St Buffalo, NY 14203-1519
Buffalo metro Census 16500 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2014
3 recorded transactions
2016
Price N/A
2014
$45,000
1969
Price N/A

Zoning & alternative use

N-1C · Buffalo, NY
Zoning description

3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…

General category MIXED_USE

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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