Delaware Place Plaza Retail FOR SALE


Buffalo, NY - North Park
$14,000,000 USD
716-458-8057
, Buffalo, NY for Sale
$14,000,000 USD
Retail - FOR SALE
1/12
null | 8% Cap Rate

Delaware Place Plaza
Buffalo, NY
North Park


HIGHLIGHTS

  • Delaware Place Plaza is a prime investment opportunity leased at 93% to long-standing NNN tenants including Goodwill, generating strong in-place NOI.
  • 2611-2635 Delaware Avenue spans across four buildings on 6.06 acres, featuring a 3,200 square feet vacancy ideal for value-add through new leasing.
  • Meticulously maintained assets with a great roof, building signage, two pylon signs, abundant surface parking, and manicured landscaping.
  • Located along busy Delaware Avenue with unrivaled visibility to over 22,500 daily vehicles and seamless access to I-290 and the Scajaquada Expressway.
  • Positioned across from Target and Burlington-anchored Delaware Consumer Square, the site benefits from heavy retail traffic and strong consumer draw.
  • Robust demand with 350,000 residents and $3.8 billion in annual spending, with new residential developments driving long-term retail demand.

OVERVIEW

Delaware Place Plaza, located at 2611-2635 Delaware Avenue in Buffalo, NY, presents a prime investment opportunity to acquire a well-maintained, income-producing retail center in one of the city’s most active commercial corridors. Spanning 75,567 square feet across four buildings on 6.06 acres, the plaza is currently 93% leased by long-standing triple-net (NNN) tenants, generating strong in-place Net Operating Income (NOI). The asset includes a 3,200-square-foot vacant suite, an immediate value-add opportunity for an investor to increase cash flow through new tenancy. Anchored by established retailers such as Goodwill, MetroMattress, People Inc., Delaware Camera, and Amherst Physical Therapy, the diverse tenant mix supports strong daily traffic and cross-shopping. Additional highlights include two pylon signs, ample surface parking, and meticulously maintained landscaping, further enhancing tenant appeal and long-term asset stability. Strategically positioned on Delaware Avenue, the plaza benefits from exceptional visibility with over 22,500 vehicles passing daily and seamless access to major thoroughfares. Delaware Place Plaza lies just five minutes from the Scajaquada Expressway and 10 minutes from Interstate 290, providing strong connectivity to Downtown Buffalo and the surrounding suburbs. Across the street, Delaware Consumer Square, anchored by Target, Burlington, and Dollar Tree, serves as a significant demand generator, drawing consistent traffic. The surrounding trade area includes a population of more than 350,000 residents with annual consumer spending exceeding $3.8 billion within a 5-mile radius. A newly constructed 150-unit apartment complex adjacent to the plaza adds further density and enhances long-term demand for retail services at this location. Located within the Greater Buffalo retail submarket, Delaware Place Plaza benefits from low vacancy and rising market rents, supporting future growth potential. North Buffalo continues to experience positive demographic and residential trends, with growing consumer demand and ongoing investment in nearby commercial and housing developments. 2611-2635 Delaware Avenue is a rare opportunity to acquire a stabilized, high-visibility retail asset with proven income, immediate upside potential, and strong positioning within a thriving regional market.

ASK ABOUT THIS PROPERTY

James ZaepfelZaepfel DevelopmentMore Info
716-458-8057

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

James ZaepfelZaepfel DevelopmentMore Info
716-458-8057

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