2545 Niagara Falls BlvdBuffalo, NY 14228

Property Details for 2545 Niagara Falls Blvd

Year built

1949

Lot size

1.50 AC

Property size (Sq ft)

5,595 SF

Property type

Turn key restaurants

APN

142289 40.10-6-1.1

APU

1422894010611

Description

This exceptional 1.5-acre redevelopment opportunity in Buffalo, NY, presents a unique chance to capitalize on a prime commercial location. The property boasts 12,107 square feet of existing building space, previously occupied by a successful restaurant, along with an adjacent duplex. The site features a large, paved parking lot accommodating 90+ vehicles, and benefits from high visibility due to its prominent corner location on Niagara Falls Boulevard and Ellicott Creek Road, a major thoroughfare with an average daily traffic count of 35,600 vehicles. The property is zoned for commercial use and offers significant road frontage (484 feet). Its strategic location in Amherst, NY, places it near numerous amenities, including Ellicott Creek Park, Amherst Office Park, and major retailers such as Tops, Wegmans, Kohl's, Target, Trader Joe's, Tim Horton's, and Anderson's Frozen Custard. The property's size and location make it suitable for a variety of development projects, offering significant potential for future growth and profitability. The existing structures provide immediate income potential while development plans are underway. This is a rare opportunity to acquire a substantial commercial property in a thriving area with excellent visibility and high traffic volume. The property is located at 2545 Niagara Falls Blvd, Buffalo, NY 14228. The single-story building is classified as Class B. The lot measures approximately 243 feet by 244 feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,491,964

  6.5%

  $1,377,198

  7%

  $1,278,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,348,887

  Geo Method

  $886,993

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,718

  Hospitality

  $1,064,127

  Educational

  $885,341

  Medical

  $915,790

  Retail

  $1,377,198

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

43.0238

Longitude

-78.8215

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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