4572 Clark St Hamburg, NY 14075-3912
- Turn key restaurants
- 3,488 SF
- 0.25 lot acres
Current Use by Public Records
- Raphael's / Italian Restaurant
Property Details for 4572 Clark St
- Year built
- 1942
- Lot size
- 0.25 lot acres
- Property size
- 3,488 SF
- Zone code
- C1
- Property type
- Turn key restaurants
- APN
- 144889 183.15-1-12
- APU
- 14488918315112
Description
This turnkey restaurant opportunity in Hamburg, NY, presents a unique chance to acquire a thriving business or a prime location for your own venture. Located at 4572 Clark St, this 2,600 square foot property sits on a 1.44-acre lot and boasts 65 parking spaces, ensuring ample room for customers and staff. The restaurant features a full bar, basement storage, a cooler, freezer, prep area, and an office, providing all the necessary infrastructure for a smooth operation. Currently operating at 100% occupancy with a gross lease, the remaining lease term is approximately 0.6 years. The property also includes a three-bedroom apartment on the second floor, currently generating $1,300 in monthly rent, adding to the investment potential. The restaurant is equipped with central air conditioning and features both wood and tile flooring. The current tenant is ready to vacate, offering the opportunity to seamlessly transition into the space or purchase the existing business and equipment. This property is ideal for an experienced restaurateur looking to expand or a new entrepreneur seeking a well-established location with significant upside. The combination of a thriving restaurant space and a rental apartment provides a compelling investment opportunity in a desirable location. The property's features, including ample parking and a convenient location, make it an attractive proposition for a wide range of potential buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $220,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $255,000
- Mixed-Use
- $205,000
- Hospitality
- $270,000
- Educational
- $260,000
- Residential Income
- $265,000
- Energy
- $260,000
- Income-Based Land
- $210,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Hamburg
- County
- Erie
- State
- New York
- Longitude
- -78.8124
- Latitude
- 42.7325
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
