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    1459-1463 Kensington Ave Buffalo, NY 14215

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    For Sale
    $3,000,000

    Retail investment with redevelopment potential in vibrant neighborhood.

    Property size:
    53,084 SF
    Lot size:
    3.23 Acres

    Property Features for 1459-1463 Kensington Ave

    General Information

    Size
    53,084 SF
    Lot size
    3.23 Acres

    Source: Cushman & Wakefield | Pyramid Brokerage - Buffalo Agent Benedict J. Borruso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Shopping Center Opportunity

    This property presents a value-add or owner-user investment opportunity. Up to 24,600 square feet is available for occupancy due to fire damage in August 2023, making it ready for redevelopment or buildout. The property currently has in-place income from eight well-established tenants, occupying a total of 28,484 square feet. Historically, this has been a vibrant neighborhood shopping center with low vacancy. The property is located on a corner with access to two NFTA bus routes and offers easy access to the Kensington Expressway (Route 33). The property, totaling 53,084 square feet, is suitable for retail, medical, and neighborhood services.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8023384
    Latitude
    42.9418872

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    FAQs

    What type of property is this?
    Shopping center - Retail investment with redevelopment potential in vibrant neighborhood.
    Where is this shopping center located?
    The property is located at 1459-1463 Kensington Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Value-add/Owner-user investment opportunity with **up to 24,600 SF available for occupancy.**; - In-place income from eight (8) well-established tenants totaling 28,484 square feet.; - Historically vibrant neighborhood shopping center with low vacancy.
    (716) 861-5090
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    1459-1463 Kensington Ave Buffalo, NY 14215
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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
    1459-1463 Kensington Ave Buffalo, NY 14215
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