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    224 Elmwood Ave Buffalo, NY 14201

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    For Sale
    $1,199,900

    Redevelopment opportunity in Allentown with mixed-use zoning and income.

    Property size:
    6,012 SF
    Lot size:
    0.32 Acres

    Property Features for 224 Elmwood Ave

    General Information

    Size
    6,012 SF
    Lot size
    0.32 Acres

    Source: Hunt Commercial - Buffalo Agent Joseph Farrauto

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

    Overview

    Allentown Mixed-Use Redevelopment Opportunity

    Located at 224 Elmwood Avenue in the Allentown neighborhood of Buffalo, NY, this property presents a redevelopment opportunity. The site features 112 feet of frontage and 14,375 buildable square feet. The mixed-use N-2C Zoning permits both residential and commercial uses. The existing mixed-use building contains 3 apartments and 4 storefronts, accompanied by parking. The gross income is $83,100. The property has a building size of 6,012 square feet. The location is convenient, with proximity to the Canadian Border, expressways, schools, and shopping in a densely populated neighborhood.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chinese Kitchen Chinese Restaurant Dovi and Girls African ... Clothing Store Africcouture Fashion Accessories Store Golden Dragon Elmwood Chinese Takeaway Perfect Color By ... Hair Salon

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8775228
    Latitude
    42.9031909

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    FAQs

    What type of property is this?
    Mixed-use property - Redevelopment opportunity in Allentown with mixed-use zoning and income.
    Where is this mixed-use property located?
    The property is located at 224 Elmwood Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $1,199,900.
    What are key features of this property?
    This property features: - Redevelopment opportunity with **14,375 buildable square feet**.; - Mixed-use N-2C Zoning allows for residential and commercial uses.; - Existing mixed-use building with 3 apartments and 4 store fronts.
    (716) 465-2063
    Request Owner's contact information
    224 Elmwood Ave Buffalo, NY 14201
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    Buffalo, NY 14201
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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
    224 Elmwood Ave Buffalo, NY 14201
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