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The View 2943 Upper Mountain Rd 8,016 SF Retail Building Sanborn, NY 14132 $900,000 ($112.28/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Views of the Toronto Skyline and Niagara Escarpment.
- Maintenance free!
- Completely remodeled throughout.
EXECUTIVE SUMMARY
Oh, but THE VIEW! Current owner placed the lovely Hamlet of Pekin NY in the towns of Cambria and Lewiston on the map after renovating this popular restaurant from TOP TO BOTTOM, inside & out! The View takes your breath away from the moment you step inside. Modern style & minimal decor provide an equal ambiance of both casual & elegant. Complete remodeling of over 4,000 square feet plus full walkout basement includes pegged hardwood floors, drywall, paint, ceilings, 12 inch R36 insulation, kitchen, two baths, front overhang, two repaved parking lots, new septic, new roof, HVAC & more! Occupancy is 170 but full walkout basement with two more baths gives way to the possibility of even more entertainment space. Liquor license in place. Close to several Niagara Wine Trails. Only 30 minutes to Buffalo, Niagara Falls, or Bridges to Canada. Over 3 acres total with stunning views of Toronto skyline & Niagara Escarpment. Includes additional parking lot directly across the street with private electric pole providing 45+ spaces. Fully operational & ready for it's new occupant. Completely turn key, owner is including everything - Land, Building, Business, Inventory, Equipment - the works! Owner considering offers between $800,000 and $900,000. Owner will also consider leasing. Come see THE VIEW!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,016 SF
Building Class
C
Year Built
1985
Price
$900,000
Price Per SF
$112.28
Cap Rate
10%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.02 AC
Zoning
T-Lewiston - Traditional Neighborhood Development / TND
Parking
45 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
142’ on Upper Mountain Road
AMENITIES
- Courtyard
- Freeway Visibility
- Restaurant
- Wheelchair Accessible
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 292489-104-004-0001-063-000 | Improvements Assessment | $224,800 |
| Land Assessment | $50,200 | Total Assessment | $275,000 |
PROPERTY TAXES
Parcel Number
292489-104-004-0001-063-000
Land Assessment
$50,200
Improvements Assessment
$224,800
Total Assessment
$275,000
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The View | 2943 Upper Mountain Rd
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