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    501 Colvin Ave Buffalo, NY 14216

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    For Sale
    $259,000

    Updated building near Hertel Ave, suitable for retail or office.

    Property Features for 501 Colvin Ave

    General Information

    Zoning
    Commercial

    Source: Rick Recckio Agent Rick Recckio

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

    Overview

    Well-Maintained Building Near Hertel Ave

    This well-maintained building is located near the Hertel Avenue business district in a picturesque neighborhood. The property benefits from its location on a bus route with high traffic and foot count, and is within walking distance of a new upscale neighborhood with over 50 homes. The building has been updated with a newer roof, windows, and HVAC system, and features a freshly repaved parking lot that can accommodate ten plus cars. Situated on the corner of Colvin and Taunton, at a traffic light, the property offers ease of accessibility and awesome curb appeal, enhanced by lit signage for high visibility. The location is also close to the I-90 Expressway. This turnkey property is suitable for a salon or requires very little retrofitting for retail or office space.
    Location Intelligence

    Current Use by Public Records

    Pryzm Salon & Spa Hair Salon Sorella Beauty Salon Beauty Salon Del Monte Hair ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -78.856528
    Latitude
    42.955115

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    FAQs

    What type of property is this?
    Retail space - Updated building near Hertel Ave, suitable for retail or office.
    Where is this retail space located?
    The property is located at 501 Colvin Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Meticulously maintained and updated building with newer roof, windows, and HVAC system.; - Large parking lot accommodating 10+ cars with easy accessibility.; - Located near the Hertel Ave. business district and close to the I-90 Expressway.
    (716) 998-4422
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    501 Colvin Ave Buffalo, NY 14216
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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
    501 Colvin Ave Buffalo, NY 14216
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