1996 Elmwood AveBuffalo, NY 14207

Property Details for 1996 Elmwood Ave

Year built

1996

Lot size

1.87 AC

Property size (Sq ft)

19,630 SF

Zone code

D-S

Property type

Auto shops

APN

140200 78.53-4-1.22

APU

14020078534122

Description

This 19,630 sq ft Class A retail building, situated on 1.87 acres at 1996 Elmwood Ave in Buffalo, NY (Erie County), offers exceptional visibility and accessibility. Built in 1996, the single-story structure boasts 103 parking spaces and 11 drive-in doors, making it ideal for various retail or auto-related businesses. Its prime location between Kenmore and Hertel Aves provides easy access to I-190, Route 198, and Route 5, benefiting from high traffic counts (21,792 AADT on Elmwood Ave). The property enjoys a strong demographic profile and is strategically positioned across from Regal Elmwood Center and Catalyst Fitness, adjacent to Home Depot and McDonald's. Previously occupied by Pep Boys, this location offers a proven track record of success. The building will be available for lease mid-2023. Lease rate is available upon request, NNN. This presents a unique opportunity to establish a thriving business in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,234,590

  6.5%

  $4,831,930

  7%

  $4,486,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,732,574

  Geo Method

  $3,112,007

• Alternative Use

  Use

  Valuation

  Residential

  $4,075,913

  Hospitality

  $3,733,514

  Educational

  $3,106,240

  Medical

  $3,213,069

  Retail

  $4,831,930

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9523

Longitude

-78.8788

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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