6230 Shimer DrLockport, NY 14094

Property Details for 6230 Shimer Dr

Year built

1997

Lot size

1.60 AC

Property size (Sq ft)

3,360 SF

Zone code

B-1

Property type

Drive through restaurants

APN

292600 123.13-3-8.5

APU

29260012313385

Description

This exceptional investment opportunity presents a vacant 3,360 square foot restaurant building situated on a 1.6-acre lot at 6230 Shimer Drive in Lockport, New York. The property, built in 1995, is classified as a Class B retail space and is currently available for lease, with a three-year lease commencing October 1st, 2024. The asking price for the entire property is $720,000. Located in Niagara County, NY, with a zip code of 14094, this restaurant boasts a highly desirable location near Transit Road, benefiting from excellent retail amenities and strong demographics. The spacious layout offers significant potential for a variety of culinary concepts. The property's size and location make it an attractive proposition for both established restaurant operators and new ventures seeking a prime location in a thriving community. This is a rare chance to acquire a well-positioned restaurant property in a high-traffic area with significant growth potential. The vacant status allows for complete customization to suit the buyer's specific needs and vision. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $895,962

  6.5%

  $827,042

  7%

  $767,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,050

  Geo Method

  $532,672

• Alternative Use

  Use

  Valuation

  Residential

  $697,641

  Hospitality

  $639,035

  Educational

  $531,670

  Medical

  $549,955

  Retail

  $827,042

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1457

Longitude

-78.6935

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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