672 Wehrle DrBuffalo, NY 14225

Property Details for 672 Wehrle Dr

Year built

2000

Lot size

1.50 AC

Property size (Sq ft)

8,368 SF

Property type

Turn key restaurants

APN

142289 80.15-1-31.1

APU

14228980151311

Description

This exceptional investment opportunity presents The Fairdale Banquet Center, a thriving 8,368 square foot establishment situated on a highly visible 1.5-acre corner lot in Buffalo, NY. Boasting a 23-year history of success, this all-brick building has consistently hosted a diverse range of events, from intimate gatherings to large-scale weddings accommodating up to 250 guests. The ample parking area comfortably accommodates over 100 vehicles, ensuring convenient access for all attendees. Inside, a full-service bar is strategically positioned, separate from the elegant banquet hall, which features impressive 14-foot ceilings and a state-of-the-art audiovisual system. A meticulously maintained, commercial-grade kitchen is perfectly equipped to handle the catering needs of any sizable event. Additional features include a spacious, dry basement ideal for storage, well-appointed restrooms, a large coatroom, and a dedicated manager's office. This turnkey operation offers significant potential for continued growth and profitability, making it an attractive investment opportunity in a desirable location. The property's prime location and established reputation ensure a strong foundation for future success. The asking price is $1,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,231,410

  6.5%

  $2,059,763

  7%

  $1,912,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,017,423

  Geo Method

  $1,326,606

• Alternative Use

  Use

  Valuation

  Residential

  $1,737,487

  Hospitality

  $1,591,529

  Educational

  $1,324,134

  Medical

  $1,369,672

  Retail

  $2,059,763

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9502

Longitude

-78.7598

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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