5885 Main Street Newfane, NY $ 499,000
5885 Main Street
$ 499,000
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5885 Main Street

Newfane, NY, 14126
$ 499,000
Baths0.0 Sq 2,584

Monthly Estimate*

$ 3,486

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Studio

Commercial Property for sale in Newfane, NY

for $499,000. This 2,584 square foot building was built in 1920 on a lot size of 0.085399.

Prime Corner Free Standing Building!!! Great visibility at main intersection in popular tourist town and boating community! Take hold of this rare opportunity to own a bar and restaurant with views of Lake Ontario from updated patio and window seating. Located in the heart of historic village known for shops and community events throughout the year! Short walking distance to docking, marina, Krull Park, Carousel Park, beach, and other attractions with limited area dining and bar options. Free public parking reduces operating expenses! Could be used for any food use; restaurant, ice cream, bakery, quick service, deli, etc. Windows to sidewalk could be converted to a walk up food ordering and delivery option. Owner is selling the building in this prime location with the established business including all equipment and inventory for turn key owner user or investment opportunity! Third party generated property specific 3 year financial forecast available

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Commercial Active

Price

$ 499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,317

Style

Business

Lot Size

0.085399

Year Built

1920

Town/City

Newfane

County/Region

Niagara

MLS | Web ID

B1498100

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Shingle
Zoning COM
Year Built 1920
View Water
Stories 1
Township Not Applicable
Levels One
Property SubType Business
Business Type Restaurant BarTavernLounge
Waterfront Features Lake
Business Name Captain's Galley
County Niagara
Net Operating Income -4317.0
Property Type CommercialSale
Subdivision Name Holland Land Companys
Building Features Other SeeRemarks
Status Active
Directions Lockport Olcott Rd north to intersection of Main St Lighthouse and Lake Ontario within view of main parking area. Ferris Wheel directly south of Restaurant
City Newfane
Body of Water Lake Ontario
View Y/N Yes
High School District Newfane
Zoning Description Business
Total Units 0
MLS Area Newfane-292800
Lot Size Square Feet 3720.0
Waterfront Y/N No
Street Name Main
Year Built Details Existing
Tax Annual Amount 4317.0
Property Condition Resale
Lease Considered Y/N No
Days on Market 171
Standard Status Active
Middle/Junior School District Newfane
Elementary School District Newfane
Tax Assessed Value 71000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 21
Property Sub Type Additional Business Commercial
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Interior
Basement Full
Flooring Hardwood Linoleum Varies Vinyl
Total Fireplaces 0
Total Stories 1
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Common
Water Source Public
Total Parking 0.0
Inclusions Land Building and Business
Lot Size Area 0.0854
Number of Buildings 1
Building Area Total 2584.0
Lot Dimensions 62X60
Lot Size Acres 0.0854
Lot Size Units Acres
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Internal Only
Street Number 1 5885
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* Excluded Features
List By
Berkshire Hathaway Homeservices Zambito Realtors

Broker

(585) 409-1266

Phone

Affordability Calculator

$3,845
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,486
Monthly Property Taxes
$360
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3038315 Elementary School
3038173 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2023$499,000 Listed Price

Map


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5885 Main Street, Newfane, NY, 14126 is a Commercial Property for sale at $499,000 with 2,584 sqft and a lot size of 0.085399. 5885 Main Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 14126 which is in Newfane, NY