Property Description

FOR SALE OR LEASE - $1,195,000 | PRICED AGGRESSIVELY. 8,579 SF RESTAURANT & BANQUET FACILITY | 1± ACRE | 90+ PARKING SPACES. Exceptional commercial property on prominent Main St in Clarence, NY. Approx 8,579 SF on 1± acre with 90+ parking spaces. Extensively built out for turnkey restaurant/event use with flexibility for medical, professional office, or alternative commercial uses. FOR SALE: $1,195,000. Real estate, building, land, & parking included. Extensive kitchen/banquet FF&E available separately-allowing non-restaurant buyers to purchase the real estate alone. FOR LEASE: $14.50/SF NNN + est NNN of $3.50/SF. Annual Base: ~$124,396 ($10,366/mo). Est NNN: ~$30,027/yr ($2,502/mo). Est Total Occupancy: ~$12,868/mo. Tenant handles utilities, garbage, septic, & maintenance. INVESTMENT POTENTIAL: Proposed lease rate represents a 10.4% indicated yield based on asking price & base rent alone (before financing, vacancy, or owner expenses). For owner-users or investors. PROPERTY HIGHLIGHTS - WELL-MAINTAINED & RECENTLY UPDATED: ? Replaced Roofs (2024) | 5 Updated HVAC Units (2021) | New Hot Water Tanks (2022) ? Over $400,000 invested in substantial renovations & infrastructure ? 2 extensive commercial kitchens | Full-service bar & separate dining areas ? Pizza bar featuring 2 ovens, including imported Italian brick oven ? 2 large banquet/event rooms well suited for weddings, corporate functions, & catering ? Approx 5 restrooms & significant storage/service footprint. Suitability includes restaurant/hospitality groups, caterers, medical clinics, offices, or other commercial users. Detailed FF&E inventory available to qualified buyers Square footage is 8.579sq ft per appraisal.

Property Features

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