Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
N-1C · Buffalo, NY3.1.2 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning