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    577 Forest Ave Buffalo, NY 14222

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    For Lease
    $24 SF/Yr ($4,000 /Mo)

    Newly renovated retail space in Elmwood Village near Buffalo State.

    Property size:
    2,000 SF
    Lot size:
    2,000 SF

    Property Features for 577 Forest Ave

    General Information

    Size
    2,000 SF

    Source: Brian Donovan Agent Brian Donovan

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

    Overview

    Renovated Retail Space in Elmwood

    This newly renovated building, formerly a pizzeria, is available for lease. The property includes a basement area for storage and provides parking directly next door. Located in Elmwood Village, across the street from Buffalo State College and Hotel Henry, the property benefits from its surroundings. Elmwood Village is known for its historic homes, landscaped gardens, and visually pleasing atmosphere, featuring tree-lined streets and a compact layout that allows residents to easily access shops, restaurants, and amenities within a short walk. The neighborhood actively supports local businesses and promotes a welcoming and inclusive environment, hosting community events and festivals. Elmwood Village is the main commercial corridor, offering an eclectic mix of independent retailers, including fashion boutiques, antique stores, bookshops, and art galleries. It is also a hub for local restaurants, cafes, and bars. The property offers 2000 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Elmwood-Forest Public Parking Public Parking Space

    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
    -78.8774686
    Latitude
    42.9277812

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    FAQs

    What type of property is this?
    Retail space - Newly renovated retail space in Elmwood Village near Buffalo State.
    Where is this retail space located?
    The property is located at 577 Forest Ave Buffalo, NY.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Elmwood Village, a vibrant commercial corridor known for its shops, restaurants, and community events.; - Across the street from Buffalo State College and Hotel Henry, ensuring high visibility and foot traffic.; - Newly renovated building, offering a modern and appealing space for various business ventures.
    (716) 998-2943
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    577 Forest Ave Buffalo, NY 14222
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    Buffalo, NY 14222
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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
    577 Forest Ave Buffalo, NY 14222
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