Retail Storefront
For Sale
Contact for pricing
1377 E Delavan Avenue, Buffalo, NY 14215
Commercial storefront with an existing driving school occupant and flexible space configuration.
Property Size4,062 SF
Price / SF$0.25
Days on Market85
Property Features for 1377 E Delavan Avenue
General Information
Standard status
Active
Size
4,062 SF
Property subtype
CommercialLease
Listing Agency:
Red Door Real Estate WNY LLC
(716) 768-1177
Listed By:
Ahmad Nieves · License #10401336458
(716) 819-6662
Source:
Nicholcityrealty
Added: Jul 25
Changed: Oct 10
Last Checked: Oct 16 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Door Real Estate WNY LLC
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Investment Insights
Based on property information with market context.
This 4,062-square-foot retail storefront is located at 1377 E Delavan Avenue in Buffalo, New York. The property is currently occupied by a driving school, providing an established commercial use within the space.
The interior configuration can accommodate continued shared occupancy or division into separate areas, subject to the required build-out. The property is positioned on Buffalo’s East Side and offers a storefront format suitable for a range of commercial applications.
The interior configuration can accommodate continued shared occupancy or division into separate areas, subject to the required build-out. The property is positioned on Buffalo’s East Side and offers a storefront format suitable for a range of commercial applications.
Key Highlights
- 4,062‑square‑foot commercial storefront
- Currently occupied by a driving school
- Space may be shared or divided into separate areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,566
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,320
$791.3K
Cap Rate 7%
$565,229
$565.2K
Cap Rate 9%
$439,622
$439.6K
Market Conditions
NOI Build-Up for 4,062 SF
Gross rent
$63.4K $15.60/SF
− Vacancy
−$6.8K −$1.68/SF
EGI
$56.5K $13.92/SF
− OpEx
−$17.0K −$4.17/SF
NOI
$39.6K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,320
Cap Rate 7%
$565,229
Cap Rate 9%
$439,622
Alternative Uses
Best Use
Retail
$565.2K
$494.6K – $659.4K
NOI $39,566 @ 7.0% cap · market cap 3,956.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$976.8K
$854.7K – $1.14M
NOI $68,378 @ 7.0% cap · market cap 6,837.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Buffalo, NY
Similar Off Market Nearby
- Mathair's Graceful Rose
- St John's Flower Shop — 1227 E Delavan Ave, Buffalo, NY 14215
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with an existing driving school occupant and flexible space configuration.
Where is this storefront property located?
The property is located at 1377 E Delavan Avenue Buffalo, NY.
What are key features of this property?
This property features: 4,062‑square‑foot commercial storefront; Currently occupied by a driving school; Space may be shared or divided into separate areas
