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Property profile & analytics
OFF-MARKET
Turn key restaurants

437 Ellicott St Buffalo, NY 14203-1519

5,771 SF 0.07 ac lot Built 1930
Entity Owned 11-yr Hold Free & Clear
Property ID
US63-0898919
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Toutant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
437 Ellicott Street LLC · 11 yrs held
437 Ellicott Street LLC
since 2014
3 recorded transactions
2016
Price N/A
2014
$45,000
1969
Price N/A
Zoning & alternative use
N-1C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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