5095 Day Rd Lockport, NY 14094-3532
- Turn key restaurants
- 3,600 SF
- 1.10 lot acres
Current Use by Public Records
- Parkside Drive-In / Restaurant
Property Details for 5095 Day Rd
- Year built
- 2018
- Lot size
- 1.10 lot acres
- Property size
- 3,600 SF
- Zone code
- AR
- Property type
- Turn key restaurants
- APN
- 292600 110.00-1-40
- APU
- 29260011000140
Description
This established, seasonal hot dog and ice cream restaurant in Lockport, NY, presents a unique investment opportunity. Located directly across from a picturesque park on Day Road, this turnkey operation boasts a 3,600 square foot, Class A building constructed in 2019 and fully renovated the same year. The property includes a fully equipped kitchen with four fryers, two griddles, a large grill, walk-in cooler and freezer, multiple custard machines, and a salad bar serving station. Both indoor and outdoor seating is available, with retractable garage doors allowing for flexible dining options depending on the weather. A 24x36 pole barn provides ample storage space. The 47,916 square foot lot offers ample parking, supplemented by additional parking across the street at the park. The restaurant benefits from a high-traffic location, attracting families, tourists, and locals. Its popular menu and strong community presence contribute to consistent revenue, with potential for growth through menu expansion, extended hours, or catering services. The property is zoned AR and features two single-story buildings. Financial information demonstrating consistent profitability is available upon request. This is an exceptional opportunity to acquire a successful business in a desirable location. The asking price is $900,000, with a price per square foot of $250.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $400,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $400,000
- Mixed-Use
- $430,000
- Hospitality
- $315,000
- Educational
- $435,000
- Residential Income
- $415,000
- Energy
- $360,000
- Income-Based Land
- $380,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.6485
- Latitude
- 43.1637
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA