4911 BroadwayDepew, NY 14043

Property Details for 4911 Broadway

Year built

1950

Lot size

0.26 AC

Property size (Sq ft)

3,122 SF

Zone code

COMM

Property type

Investment properties

Property subtype

Retail residential properties

APN

145201 104.78-2-3.1

APU

14520110478231

Description

This exceptional opportunity presents a fully operational deli in the vibrant town of Depew, New York. Located at 4911 Broadway, this established business boasts a prime location with excellent visibility and high foot traffic, ensuring a consistent customer flow. The spacious 4,418 square foot facility is situated on a 0.26-acre lot and includes 9 dedicated parking spaces, supplemented by ample public parking across the street. The deli's efficient layout maximizes space, with dedicated areas for food preparation, customer seating, and storage. Currently operating with a lean team of four employees, the business model is designed for ease of management and profitability. Operating hours are Monday through Friday, 8 AM to 5 PM, offering a desirable work-life balance. The business benefits from a loyal customer base, a strong reputation within the community, extensive advertising efforts, numerous awards, and a collection of five-star reviews, all contributing to its consistent success. Priced at $500,000, this turnkey operation is an ideal acquisition for both aspiring entrepreneurs and seasoned business owners seeking a profitable and established venture with significant growth potential. The existing infrastructure and strong reputation provide a solid foundation for continued success and expansion. This is a rare opportunity to acquire a well-established and profitable business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $702,253

  6.5%

  $648,233

  7%

  $601,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,955

  Geo Method

  $304,428

• Alternative Use

  Use

  Valuation

  Residential

  $648,233

  Hospitality

  $593,778

  Educational

  $494,016

  Medical

  $511,006

  Retail

  $768,470

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9015

Longitude

-78.6932

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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