419 Memorial DrBuffalo, NY 14212

Property Details for 419 Memorial Dr

Year built

1940

Lot size

0.30 AC

Property size (Sq ft)

567 SF

Zone code

D-OS

Property type

Drive through restaurants

APN

140200 112.30-2-1.1

APU

14020011230211

Description

This exceptional 663-square-foot retail space, formerly an ice cream shop, presents a fantastic opportunity for a new business in the vibrant Sloan neighborhood of Buffalo, New York. Located at 419 Memorial Drive, this single-tenant property boasts excellent visibility and ample parking, making it highly attractive to customers. The building, constructed in 1940, sits on a 0.2-acre lot and is zoned for commercial use within Erie County. The entire 663 square feet is currently vacant and ready for immediate occupancy. Its convenient location in a centralized area of downtown Buffalo offers easy access for both customers and employees. The property's history as a successful ice cream shop speaks to its inherent appeal and potential for a variety of retail uses. The building's layout is well-suited for a range of businesses, offering a flexible space adaptable to diverse needs. This is an ideal opportunity for an entrepreneur seeking a well-located, established space to launch or expand their business. The property is available for lease, offering a chance to establish a presence in a thriving community. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $151,198

  6.5%

  $139,567

  7%

  $129,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $136,697

  Geo Method

  $89,888

• Alternative Use

  Use

  Valuation

  Residential

  $117,730

  Hospitality

  $107,840

  Educational

  $89,722

  Medical

  $92,807

  Retail

  $139,567

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8937

Longitude

-78.8298

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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