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271 Columbia Ave - 271 Columbia Ave- Event Center 24,428 SF Specialty Building Offered at $2,458,188 CAD in Depew, NY 14043
Investment Highlights
- 6+ Acres Event Space
- 385 Car parking lot
- Kitchen to accommodate 2000 People
Executive Summary
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.
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.
Property Facts
| Price | $2,458,188 CAD | Building Class | B |
| Price Per SF | $100.63 CAD | Lot Size | 4.90 AC |
| Sale Type | Investment or Owner User | Building Size | 24,428 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Lodge/Meeting Hall | Year Built/Renovated | 1971/1996 |
| Price | $2,458,188 CAD |
| Price Per SF | $100.63 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 4.90 AC |
| Building Size | 24,428 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1971/1996 |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 145201-104-230-0001-003-000 | Improvements Assessment | $1,526,125 CAD |
| Land Assessment | $119,495 CAD | Total Assessment | $1,645,620 CAD |
Property Taxes
Parcel Number
145201-104-230-0001-003-000
Land Assessment
$119,495 CAD
Improvements Assessment
$1,526,125 CAD
Total Assessment
$1,645,620 CAD
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271 Columbia Ave - 271 Columbia Ave- Event Center
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