50 Wecker StBuffalo, NY 14215

  • Manufacturing properties
  • 54,881 SF
For Sale
$1,390,000 View listing

Property Details for 50 Wecker St

Year built
1940
Lot size
0.28 AC
Property size (Sq ft)
54,881 SF
Zone code
D-IL
Property type
Manufacturing properties
APN
140200 90.80-2-32.1
APU
14020090802321

Description

This exceptional 54,881-square-foot industrial property, situated on a 2.5-acre lot in Buffalo, NY's Genesee Moselle neighborhood, presents a unique investment opportunity. Built in 1940, this single-story building boasts a versatile layout ideal for distribution, manufacturing, or warehouse operations. The property features three grade-level doors (measuring 17'x14' and 18'x15'), providing convenient access for loading and unloading. High ceilings, ranging from 14'7" to 22'5", offer ample vertical space. Power is supplied by a robust three-phase 480V 800Amp system. Eight overhead cranes (with capacities of 1, 2, and 10 tons) are in place, catering to heavy-duty material handling needs. A large outdoor storage yard complements the indoor space. The property is zoned D-IL Light Industrial and benefits from excellent access to major transportation arteries, including Route 33 (one mile away) and I-90/NYS Thruway (3.5 miles away). Its proximity to the U.S.-Canada border crossing (Peace Bridge, 9 miles) adds to its strategic location. The asking price is $1,390,000. A potential lease rate of $4.50/SF NNN is also available. The property is adaptable and could be subdivided into separately metered units. A Phase II expansion is also possible.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,395,282
    Hospitality
    $10,438,017
    Educational
    $8,684,307
    Medical
    $8,982,974
    Retail
    $13,508,922
50 Wecker St, Buffalo, New York

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9212
Longitude
-78.8158
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,079
$12,000
$388,000
$400,000
-
$17,143
$554,286
$571,429

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