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    OFF-MARKET
    Turn key restaurants

    99 Aurora St, Lancaster, NY 14086-2426

    2,695 SF 0.4 ac lot Built 1900
    Individually Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US63-5578572
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity presents a rare chance to acquire a well-established Lancaster Village business, operating successfully for over 11 years. The 4,095 square foot building sits on a 0.4-acre lot and is priced at $1,800,000. Extensive renovations within the last five years have resulted in a completely modernized property. Improvements include a new tear-off arch roof, furnace, five AC units, two hot water tanks, and a maintenance-free exterior. The property also boasts an 8-foot privacy fence, a new front entrance door, and attractive perimeter gardens surrounding the parking lot, which includes additional patio seating. Inside, the restaurant features a state-of-the-art sound system, eight televisions, and a completely remodeled bar with leathered granite countertops. Both bathrooms have been updated, and the kitchen is equipped with an automatic glass washer, a glass freezer, and ample walk-in coolers and freezers. The chef's prep area even includes its own air conditioning. A unique feature is a second-story loft area perfect for private events, complete with a small rooftop garden. High-end kitchen equipment includes a brick oven for pizza and a 20,000-dollar dough mixer imported from Italy. The property offers parking for 30 vehicles, and long-standing neighborhood compliance allows for overflow parking, a significant advantage for this one-of-a-kind neighborhood restaurant. Financial records are available upon request, showcasing the strong profitability of this established business.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Total area 2,695 SF
    Lot 0.4 ac (17,424 SF)
    APN 145203 115.25-3-20
    UPID US63-5578572
    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
    • 99 Brick Oven Bar & Grille Bar & Pub 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
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    Owner & transaction history
    David Ents · 12 yrs held
    David Ents
    since 2013
    3 recorded transactions
    2013
    $110,000
    2008
    $235,000
    2008
    $259,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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