736-738 Elmwood Ave - Storefront Retail/Residential FOR SALE


Buffalo, NY 14222- Grant Ferry
$1,099,900 USD
716-864-1929
736-738 Elmwood Ave, Buffalo, NY for Sale
$1,099,900 USD
Storefront Retail/Residential - FOR SALE
1/81
null | 5.01% Cap Rate

NEW


736-738 Elmwood Ave
Buffalo, NY 14222
Grant Ferry


OVERVIEW

Prime Retail Corridor 5,497 sq ft Mixed Use Building in the Heart of the Elmwood Village! Building features two primary storefronts that have steady leases through 2027 and 2029. First floor features 2,000 square feet of retail in total with modern storefront windows, a tasteful brick facade and updated buildouts that feature Little Salmon and Watson's Chocolates. 2nd and 3rd floor features 4 city apartments that offer convenience to amenities, shops, Lexington Coop, Bidwell Market and various downtown amenities to provide strong demand for releasing. Each apartment was recently renovated in 2013 and feature updated kitchen and bath, hardwood floors, new windows and a spacious living area. All units including retail have their own separate utilities for gas and electric. Property is fully rented and bankable with opportunity to increase to market rates. Locations like these do not come often! Showings require 24 hr notice for apartment viewings.

FOR SALE DETAILS

PRICE

$1,099,900 USD

PRICE/SF

$253 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,940 SF

ZONING

N-2C

APN/PARCEL ID

140200-100-210-0004-014-000

ASK ABOUT THIS PROPERTY

Nick CortoHunt Commercial Real EstateMore Info
716-864-1929

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Nick CortoHunt Commercial Real EstateMore Info
716-864-1929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.