3333 Lockport Olcott RdNewfane, NY 14108

Property Details for 3333 Lockport Olcott Rd

Year built

1980

Lot size

10.20 AC

Property size (Sq ft)

11,402 SF

Property type

Turn key restaurants

APN

292800 53.00-1-35.212

APU

2928005300135212

Description

This exceptional turnkey restaurant opportunity in Newfane, NY, presents a unique blend of established business and significant development potential. Located on over 10 acres of land at 3333 Lockport-Olcott Road, this 1-story, 1980-built property boasts a spacious layout including two banquet rooms accommodating approximately 175 guests, two large kitchen areas, walk-in refrigeration, ample storage, a bakery, and a large office. Currently operating for lunch and dinner service, the restaurant includes over 40 retail units generating over $80,000 in annual rental income. An additional 4,000 square feet of unfinished space offers expansion opportunities for more retail or entertainment venues. The property also features an indoor/outdoor bar with multiple large-screen TVs and two outdoor patios. A large parking lot provides over 100 spaces. The expansive 10.2-acre lot includes fruit trees and offers further development possibilities. The seller may consider selling the land separately. The property benefits from a newer roof and updated mechanical systems. This C1-zoned property is priced at $699,000 and presents a compelling investment opportunity for a savvy entrepreneur. The existing inventory, equipment, and established name and recipes are included in the sale. Contact us today to schedule a viewing.

Location Insight

City

Newfane

County

Niagara

State

New York

Latitude

43.2535

Longitude

-78.6921

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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