935 Route 5 And 20Irving, NY 14081

Property Details for 935 Route 5 And 20

Year built

1985

Lot size

0.81 AC

Property size (Sq ft)

3,980 SF

Zone code

C

Property type

Turn key restaurants

APN

064689 33.00-2-1

APU

64689330021

Description

This exceptional opportunity presents a fully equipped restaurant for sale in Irving, New York. Located at 935 Route 5 And 20, this well-established eatery boasts a prime location just off I-90 exit 58, ensuring high visibility and convenient access for customers. The 3,980 square foot building sits on a 0.81-acre lot and offers ample parking with 50 spaces available. Inside, the restaurant comfortably seats 105 patrons, providing a spacious and welcoming dining environment. All equipment and dining items are included in the sale, making this a truly turnkey operation. The restaurant has a rich history, having operated successfully since 1992. This presents a unique chance for a restaurateur to step into an existing, successful business with established clientele and immediate revenue potential. An open house is scheduled for Monday, February 10th, from 12 PM to 2 PM, allowing prospective buyers a chance to view the property firsthand. The property is being sold via online auction, with bidding opening February 11th, 2025, and closing February 17th, 2025. Don't miss this chance to own a thriving restaurant in a high-traffic location. Detailed auction information and terms can be found on the auction website.

• CAP approach

  CAP return

  Valuation

  6%

  $1,122,050

  6.5%

  $1,035,738

  7%

  $961,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $981,167

  Geo Method

  $2,005,318

• Alternative Use

  Use

  Valuation

  Residential

  $873,684

  Hospitality

  $800,290

  Educational

  $665,832

  Medical

  $688,731

  Retail

  $1,035,738

Location Insight

City

Irving

County

Chautauqua

State

New York

Latitude

42.5581

Longitude

-79.13

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].