3233 Lake Shore RdBuffalo, NY 14219

Property Details for 3233 Lake Shore Rd

Year built

1957

Lot size

0.34 AC

Property size (Sq ft)

1,890 SF

Property type

Gas stations

APN

144889 150.16-2-32

APU

14488915016232

Description

This exceptional 1,500 square foot free-standing retail building, located at 3233 Lakeshore Road in Buffalo, NY, presents a unique investment opportunity. Built in 1957, this single-tenant property sits on a sizable 150 x 100 foot lot, offering ample space and visibility. Previously a three-bay service station, the underground tanks have been removed, opening the door for a variety of uses. Its prime location on a high-traffic, signaled corner of busy Route 5 ensures excellent exposure to potential customers. The property is ideal for automotive-related businesses, retail ventures, restaurants, or office space. The building is currently vacant, offering immediate occupancy. The lease rate is $3,000 per month, plus utilities. Located in Erie County, New York, with a zip code of 14219, this property offers a compelling combination of location, size, and versatility. Don't miss this chance to secure a prominent retail space in a thriving Buffalo neighborhood. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $503,997

  6.5%

  $465,228

  7%

  $431,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $455,659

  Geo Method

  $429,723

• Alternative Use

  Use

  Valuation

  Residential

  $392,437

  Hospitality

  $359,470

  Educational

  $299,075

  Medical

  $309,360

  Retail

  $465,228

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.7981

Longitude

-78.8464

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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