6327 Wolcottsville RdAkron, NY 14001

Property Details for 6327 Wolcottsville Rd

Year built

1860

Lot size

0.48 AC

Property size (Sq ft)

4,534 SF

Property type

Turn key restaurants

APN

293689 142.17-1-26

APU

29368914217126

Description

This exceptional Akron, NY property presents a unique investment opportunity for food-service entrepreneurs. The 4,534 square foot building, situated on a 0.61-acre lot at 6327 Wolcottsville Rd, boasts a fully equipped, turnkey restaurant complete with a full-service bar and updated kitchen. All furnishings and equipment are included, allowing for immediate operation. The charming building retains original architectural details and vintage wood elements, creating a warm and inviting atmosphere. Its tranquil location offers a unique appeal to customers seeking a memorable dining experience. Beyond the restaurant, the property includes a substantial 30-seat banquet room with a bathroom, ideal for expanding services like catering or hosting events. Upstairs, a two-bedroom apartment provides additional income potential or convenient owner's housing. This versatile property offers significant growth potential, allowing for the addition of services such as catering, banquets, and live entertainment. The combination of a thriving restaurant space and a separate income-generating apartment makes this a truly exceptional investment opportunity, priced at $399,000. Don't miss this chance to own a piece of Akron's culinary history and future.

• CAP approach

  CAP return

  Valuation

  6%

  $1,208,996

  6.5%

  $1,115,996

  7%

  $1,036,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,093,078

  Geo Method

  $718,790

• Alternative Use

  Use

  Valuation

  Residential

  $941,385

  Hospitality

  $862,303

  Educational

  $717,426

  Medical

  $742,100

  Retail

  $1,115,996

Location Insight

City

Akron

County

Niagara

State

New York

Latitude

43.1188

Longitude

-78.5173

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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