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    3063 Genesee St Cheektowaga, NY 14225

    Sponsored
    For Sale
    $149,900

    Multi-use building, updated, needs sewer repair. Cash sale.

    Property size:
    1,892 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 1,892 square foot multi-use commercial building, located at 3063 Genesee St in Cheektowaga, NY, presents a fantastic opportunity for a savvy investor. Situated on a 0.11-acre lot, this property is ideally suited for a variety of commercial uses, including but not limited to a salon, mini grocery store, or banquet hall. Recent updates significantly enhance the property's value and functionality. These improvements include a new hot water tank, furnace, electrical system, flooring, recessed lighting, and a freshly paved blacktop. The interior has been freshly painted, and the bathrooms have been renovated, with one being wheelchair accessible. However, it's important to note that the property requires sewer repairs. A buyer should conduct their own due diligence and inspection to assess the extent of the necessary repairs. The asking price has been significantly reduced to facilitate a quick sale. This property is being sold "AS IS" and is a cash-only sale. Don't miss this chance to acquire a versatile commercial space in a desirable location at a highly competitive price. The property's strong potential, coupled with the recent renovations, makes it an attractive investment opportunity.

    Property Features for 3063 Genesee St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,892 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheektowaga
    County
    Erie
    State
    New York
    Longitude
    -78.77165
    Latitude
    42.92428

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use building, updated, needs sewer repair. Cash sale.
    Where is this commercial real estate located?
    The property is located at 3063 Genesee St Cheektowaga, NY.
    What is the asking price?
    The asking price for this property is $149,900.
    (716) 559-9972
    Request Owner's contact information
    3063 Genesee St Cheektowaga, NY 14225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3063 Genesee St Cheektowaga, NY 14225
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