346 Hopkins StBuffalo, NY 14220

Property Details for 346 Hopkins St

Year built

1962

Lot size

0.34 AC

Property size (Sq ft)

1,316 SF

Zone code

D-IL

Property type

Gas stations

APN

140200 133.09-1-6

APU

1402001330916

Description

This vacant, 1,316 square foot retail building in Buffalo, NY, presents a fantastic investment opportunity. Located on a 0.32-acre lot at the corner of Hopkins and Tiff Streets, it boasts excellent visibility due to traffic light exposure and multiple curb cuts. The single-story, 1964-built structure underwent renovations in 2024 and features two overhead drive-in doors, ideal for various businesses. Inside, you'll find small offices, storage space, and a bathroom. The property includes ample parking, with additional space behind and beside the building. The concrete flooring has floor drains, and the roof is well-maintained. Environmental reports confirm sealed underground tanks and clean results (available upon request). This C-class property is zoned commercial and offers easy access to major highways (I-90 & I-190), placing it within reach of significant southern Buffalo markets including Lackawanna, West Seneca, Hamburg, Orchard Park, and Cheektowaga. Proximity to Downtown Buffalo, Tesla Gigafactory, Mercy Hospital, Seneca Casino, Key Bank Center, Buffalo Harbor, Buffalo Riverworks, and the Buffalo Botanical Gardens adds further appeal. Information regarding future Outer Harbor development plans is also available.

• CAP approach

  CAP return

  Valuation

  6%

  $350,929

  6.5%

  $323,935

  7%

  $300,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,273

  Geo Method

  $208,630

• Alternative Use

  Use

  Valuation

  Residential

  $273,251

  Hospitality

  $250,296

  Educational

  $208,244

  Medical

  $215,406

  Retail

  $323,935

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8468

Longitude

-78.8327

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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