6120 Seneca St, Elma, NY 14059 - MLS #B396063
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6120 Seneca St
Elma, NY 14059
Elma, NY 14059
MLS #B396063
$549,0004302 Square Feet
1.03 Acres
Property Details
Eclectic, Upscale Restaurant/Bar, located in a rural Southtown community catering to a very loyal customer base. Casual Fine Dining & Full Service Bar w/ deck for outdoor dining. Currently operates as a 5 day/week dinner business w/ growth opportunity. Building(424K) & Business(175K) include fully renovated 50 seat (plus 25 seats /seasonal deck + bar seats) restaurant, storage facility & 2 BR/1 FB apartment plus sitting room, 2nd FB & office on 2nd floor. This is a turnkey business opportunity - 2011 - 13% cap rate. Serious buyers only - proof of funds & confidentialty agreement required.
- Property Type Commercial Mixed or Industrial
- Category Commercial,Business Opportunity,Mixed Use
- Business Name Blue Lantern Lounge
- Location Freestanding
- Number of Buildings 2
- Type Of Building Restaurant / Food,Bar /Tavern,Residential
- Zoning Commercial
- Zoning Code C2
- Property Use Grandfathered
- Total Units 1
- Business Type Restaurant / Bar
- Business is Franchise No
Community & Schools
- County Erie
- Town or City Name Elma
- Area [NY SWIS Code] Elma
- On Waterfront Y/N No
- School District Iroquois
Interior Features
- Square Footage 4302
- Square Footage (Gross) 4302
- Living Quarters Y/N Yes
- Living Quarters Description Apartment
- Residential Units 1
- 2 Bedroom Units 1
- Stories 2
- Basement Description Partial
- Floor Description Hardwood,Carpet,Other - See Remarks
- Seating Capacity 50
Exterior Features
- Acres 1.03
- Lot Frontage 130
- Lot Depth 346
- Parking Description Surfaced
- Available Parking Space 42
- Roof Description Asphalt
Appliances & Utilites
- Electric Service Single Phase,220V
- HVAC Type Baseboard ,Forced Air,AC-Central,AC-Unit
- Heating Fuel Description Gas
- Sewer / Water Septic System
Financial Details
- Gross Annual Income 542000
- Net Operating Income 79099
- Operating Expenses Include Other - See Remarks
- Operating Expenses 457642
- Total Taxes 5259
- Town/County Tax 1632
- School Tax 3627
- Income/expense Information Provided By Owner,Provided By Accountants,Tax Return
- Possible Financing Cash Only,Conventional,Other - See Remarks
- Assessed Value 11100
Miscellaneous Details
- Building Miscellaneous Carpet,Extra Building,Floor Drain,Furniture/Equipment,Restroom - Public ,Restroom - Office ,Security Service,Shelving
- Year Built 1870
- Year Built Description Existing
- Tax Map Number 144200-145-030-0002-003-000
- Available Documents Building Plans,Certificate Of Occupancy,Data Sheet ,Deed ,Equipment List,Liquor License,Operating Statements,Survey
- Accessibility Wheelchair Bathroom,No Interior Steps,No Step Entry
- Number of Employees 16
- Possession At Closing
- Sale Includes Land, Building and Business,Other - See Remarks
- Years Established 6
Map & Directions
From Transit onto Seneca...approximately 1 mile towards East Aurora / corner of Northrup and Seneca.
Map for 6120 Seneca St, Elma, NY 1405942.822427-78.6827579
Map locations are not exact and are meant to be an estimated reference only.
In addition to this Commercial real estate property, we have hundreds of addtional Elma real estate listings and homes for sale and Erie County real estate listings and homes for sale.
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Listing information provided by CNYIS, Inc., GENRIS and WNYREIS.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Coldwell Banker Talarico shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. ©2012 New York State Alliance of MLS's. All rights reserved.
Last Updated 05/19/2012
