10417 Main StFindley Lake, NY 14736

Property Details for 10417 Main St

Year built

1960

Lot size

0.37 AC

Property size (Sq ft)

1,344 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

065200 359.06-4-8

APU

652003590648

Description

This established and profitable bar and restaurant, Alexander's on the Lake, presents a unique investment opportunity in the vibrant Findley Lake community of Chautauqua County, New York. Located at 10417 Main St, Findley Lake, NY 14736, this 2,300 square foot, single-story Class B building sits on a 0.54-acre lot (APN: 065200-359-006-0004-008-000) and boasts a 100% occupancy rate. Built in 1900 and extensively renovated in 2017, the property is zoned C and features a fully documented operational structure, including recipes. Recent improvements include Trex decking, expanded walk-in cooler and freezer units, and gas heaters for the outdoor deck, enhancing both functionality and guest experience. The business benefits from low credit card processing fees (under 2%) and a 3% food rebate. A strong social media presence ensures consistent customer engagement. The sale includes all furniture, fixtures, and equipment (FFE), along with the liquor license. The current owners will assist with a smooth transition for the new owners. A non-disclosure agreement (NDA) is required to access detailed financial information. This turnkey operation offers a compelling opportunity for an owner/user to step into a well-established and thriving business within a desirable lakeside setting. The average employee tenure of three years speaks volumes about the positive work environment and operational stability.

• CAP approach

  CAP return

  Valuation

  6%

  $399,968

  6.5%

  $369,201

  7%

  $342,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $338,637

  Geo Method

  $316,809

• Alternative Use

  Use

  Valuation

  Residential

  $311,435

  Hospitality

  $285,273

  Educational

  $237,344

  Medical

  $245,506

  Retail

  $369,201

Location Insight

City

Findley Lake

County

Chautauqua

State

New York

Latitude

42.1191

Longitude

-79.7354

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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