271 Columbia Ave - Specialty FOR SALE


Depew, NY 14043
$1,800,000 USD
716-465-1282
271 Columbia Ave, Depew, NY for Sale
$1,800,000 USD
Specialty - FOR SALE
1/48
null | Request Cap Rate

271 Columbia Ave
Depew, NY 14043


HIGHLIGHTS

  • 6+ Acres Event Space
  • Kitchen to accommodate 2000 People
  • 385 Car parking lot

OVERVIEW

6.3 acres and Several Buildings Established in 1975, this premier event center represents a rare opportunity to acquire a well-established banquet hall business with exceptional growth potential. Located in Erie County, NY, this turn-key operation sits on over 6 acres of prime real estate and generates $900,000 in annual revenue currently. PROPERTY FEATURES: • 26,453 square feet of versatile interior space across multiple buildings • Fully equipped commercial kitchen capable of serving up to 2,000 guests • Multiple banquet rooms enabling simultaneous events • Unique speakeasy-style bar • Expansive outdoor event spaces with covered areas, ponds, gazebos, horseshoe pits, and putting green • Massive 385-vehicle parking lot • Portable kitchen included with all existing equipment BUSINESS HIGHLIGHTS: • Nearly 50 years of continuous profitable operation • Established customer base in thriving Western New York market • Turn-key operations with all equipment and real estate included • Superior site access providing competitive advantage • Unmatched kitchen capacity in the region GROWTH OPPORTUNITIES: The 6+ acre property offers tremendous expansion potential including live music venues, golf simulators, additional event categories, and new service offerings. The substantial land area and existing infrastructure provide flexibility for multiple revenue streams. FINANCIALS: • Asking Price: $1,800,000 • Annual Revenue: $900,000 • FF&E Value: $250,000 • Real Estate Value: $1,500,000 • Seller financing available (Short Term) The current owner is retiring after decades of success and offers 3-6 months of transition support. This represents an exceptional opportunity to acquire a dominant market position in the established Western New York event industry with significant upside potential and growth.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

271 Columbia Ave- Event Center

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.9 AC

LAND SF

213,444 SF

ZONING

-

APN/PARCEL ID

145201-104-230-0001-003-000

ASK ABOUT THIS PROPERTY

Todd DanniChubb - Aubrey Leonard Real EstateMore Info
716-465-1282

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Todd DanniChubb - Aubrey Leonard Real EstateMore Info
716-465-1282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.