Property summary
This exceptional investment opportunity presents a fully remodeled, turnkey restaurant and bar spanning over 11,790 square feet. Strategically located on Elmgrove Road in Gates, NY, this property boasts 200 feet of high-traffic road frontage, ensuring excellent visibility and accessibility. Situated next to a newer strip plaza, the building benefits from a strong commercial environment. The property includes a newly remodeled dining area with seating for approximately 24 patrons, and a bar area featuring an outdoor patio with additional seating for roughly 24 guests. A dedicated banquet room is also available for private events. The extensive parking lot accommodates approximately 70 vehicles. The building sits on a 1.13-acre lot. Significant recent improvements include a complete roof tear-off approximately seven years ago, and three out of four HVAC units have been replaced within the last seven years. The property also includes three coolers, two located upstairs and one downstairs, within one of the two basements. This is a rare opportunity to acquire a well-maintained, high-potential commercial property in a prime location. The combination of its size, recent renovations, and excellent location makes this a truly compelling investment.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Rochester, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Rochester, NY.
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