CCertihomes
1121 E Union Street, Arcadia, NY 14513

$950,000

0 beds 0 baths 7,370 sqft169 days on marketActive

About this home

Turnkey Restaurant Opportunity with Apartment and Garage – Cross Park, Newark, NY. Are you ready to step into the restaurant business? Cross Park, a fully operational and well-established 182-seat restaurant in the heart of Newark, NY, is now available! This turn-key property includes everything you need to continue running a successful dining establishment or bring your own vision to life. Restaurant Highlights: 182 seats with a spacious dining area, perfect for accommodating large parties, events, or steady everyday business. Fully equipped kitchen with new walk-in freezer and all appliances included. Recently repaved parking lot offering ample parking for customers. A strong reputation and convenient location on State Route 31. Additional Features of the building: Second floor Three-bedroom apartment: Ideal for an owner-operator or rental income. Large garage: Great for storage or additional operational needs. All equipment, furnishings, and fixtures are included – just turn the key and start your business! This property is a rare opportunity to own a thriving restaurant with additional living or income potential in the Newark, NY community. Don’t miss your chance to invest in this gem! Take the first step toward your financial future and become the owner of Cross Park family restaurant.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$8,228/mo

Real estate (PITI + HOA + PMI)
$6,904
Principal + interest$4,309
Property tax + insurance$2,239
PMI / 2nd mortgage$356
Utilities
$3,177
Heating + cooling$1,439
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$8,228/mo TLC
Budget$8,728/mo
Remaining after TLC$500/mo
Purchase price
$950,000
Down payment
$47,500 (5%)
Loan amount
$902,500
APR
4%

Quick facts

Type
Business
Style
Year built
Lot size
1.56 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
CentralAir
Water
HOA
Annual tax
$12,983
MLS #
R1583518
County
Wayne

At a glance

Air conditioning

Home features

Parking
Surfaced
Roof
Membrane, Rubber
Sewer
PublicSewer

Lot features

IrregularLot

Neighborhood — 14513

MetricThis ZIPCountyUSA
Population14,73919,351,094299,088,112
Population Change Since1990-3.00%8.00%20.00%
Population Density330395
Male7,0759,381,926147,432,321
Female7,6639,969,168151,655,844
Never Married2,8584,946,39163,775,926
Married5,9127,166,701123,120,365
Separated1,0561,159,67312,639,686
Widowed1,0351,110,24515,467,586
Divorced1,2121,210,44823,075,029
Number Of House Hold5,3707,102,016111,826,380
Average House Hold Size2.642.642.60
Medial Age40.0936.5335.46
Median House Hold Income$42,372$49,847$48,276
Average House Hold Income$57,561$70,032$63,629
P C I$22,108$26,569$24,529
M D I$36,864$42,210$41,133
A T H E$47,931$54,185$50,898
S T R8.00%4.00%
W C J82.29%81.55%77.74%
(Zip) Code
14513

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 1/9/2025. Provided courtesy of Doebler Realty, LLC via Buffalo MLS. Information deemed reliable but not guaranteed.