5685 Mckinley Pkwy Hamburg, NY 14075-3929
- Drive through restaurants
- 918 SF
- 0.19 lot acres
Current Use by Public Records
- Ginger & Garlic Chinese Restaurant / Chinese Restaurant
Property Details for 5685 Mckinley Pkwy
- Year built
- 1965
- Lot size
- 0.19 lot acres
- Property size
- 918 SF
- Property type
- Drive through restaurants
- APN
- 144889 183.15-1-13
- APU
- 14488918315113
Description
This exceptional investment opportunity presents a 918-square-foot retail space currently operating as a successful Chinese fast-food restaurant, Ginger & Garlic, located at 5685 McKinley Parkway in Hamburg, NY, 14075. The property, built in 1965, sits on an 8,100-square-foot lot and includes 8 parking spaces. The asking price is $249,900, translating to $272.22 per square foot. The property is classified as Class C and zoned for business use. The current lease is a gross lease with a single tenant currently occupying 100% of the space. The lease expires on December 31, 2024, with a remaining term of approximately 0.1 years. A five-year lease option exists with built-in annual rent increases. The tenant, who desires to remain, is responsible for their own utilities, garbage, and water. This net lease investment offers a strong, established tenant and the potential for continued rental income growth. The property's location adjacent to the Hamburg Fair Grounds provides excellent visibility and accessibility. This is a rare opportunity to acquire a profitable, established business with a reliable tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hamburg
- County
- Erie
- State
- New York
- Longitude
- -78.8124
- Latitude
- 42.7327
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
