3041 Military RdNiagara Falls, NY 14304

Property Details for 3041 Military Rd

Year built

1978

Lot size

0.62 AC

Property size (Sq ft)

4,400 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

293000 145.07-4-1

APU

2930001450741

Description

This exceptional opportunity presents a thriving restaurant and building for sale at 3041 Military Road in Niagara Falls, NY. The property, situated on a 1.1-acre lot, offers 4,735 square feet of space, ideal for continued operation or potential redevelopment. Built in 1955, the single-story Class B building features a bar, banquet room, and spacious dining area, all equipped and ready for immediate use. The sale includes all contents, ensuring a seamless transition for the new owner. The property boasts ample parking with approximately 68 spaces, a significant advantage in this high-traffic location. Its prime location near I-90, the Fashion Outlets of Niagara, Canada, Lewiston, and Niagara Falls State Park guarantees high visibility and accessibility. The property is zoned commercial and features ADA-compliant restrooms. The asking price is $799,900, translating to $168.93 per square foot. This turnkey operation offers a strong customer base and a welcoming atmosphere, making it an attractive investment for owner-users seeking a well-established business in a prime location. The property's Assessed Parcel Numbers are 293000-145-007-0004-001-000 and 293000-145-007-0004-002-000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,173,316

  6.5%

  $1,083,060

  7%

  $1,005,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,791

  Geo Method

  $1,000,421

• Alternative Use

  Use

  Valuation

  Residential

  $913,602

  Hospitality

  $836,855

  Educational

  $696,253

  Medical

  $720,198

  Retail

  $1,083,060

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.1141

Longitude

-78.9906

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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