1431-1479 Kensington AveBuffalo, NY 14215

Property Details for 1431-1479 Kensington Ave

Lot size

3.40 AC

Property size (Sq ft)

53,084 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Cleve-Hill Plaza, a 53,084 square foot shopping center located at 1431-1479 Kensington Avenue in Buffalo, New York (zip code 14215), presents a compelling value-add owner-user investment opportunity. This 3.4-acre property boasts a prime corner location on two NFTA bus routes and offers easy access to the Kensington Expressway (Route 33). Currently, the center features 19,084 square feet occupied by seven well-established tenants, generating in-place income. However, a significant portion of the property, up to 24,600 square feet, is available for redevelopment or build-out following fire damage in August 2023. The property includes 175 parking spaces and a total net rentable area of 34,000 square feet. Its historically vibrant neighborhood and low vacancy rate make it an ideal location for various retail, medical, or neighborhood service businesses. The asking price for this retail investment property is $3,000,000. This is a rare chance to acquire a well-situated shopping center with significant redevelopment potential in a thriving Buffalo neighborhood.

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9421

Longitude

-78.8021

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