Three-Bay Automotive
For Sale
$299,900
1423 S Park Ave, Buffalo, NY 14220
Automotive facility with overhead doors, service lifts, office space, storage rooms, and multiple curb cuts.
Property Size1,620 SF
Price / SF$185.12
Days on Market239
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Property Features for 1423 S Park Ave
General Information
Standard status
Active
Size
1,620 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
3
Amenities
billboard
office
storage rooms
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Musa Alamari · License #10401301846
(716) 681-0300
Source:
Thejoshjamesteam
Added: Feb 18
Changed: Oct 3
Last Checked: Oct 7 at 1:41PM
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 Howard Hanna WNY Inc.
Investment Insights
Based on property information with market context.
This automotive shop includes a 1,620 SF three-bay garage, with each bay equipped with a 10-foot overhead door and an additional lift. The property also contains a small office and storage rooms, supporting customer reception and day-to-day shop operations. On-site parking is supplemented by an additional lot on the south side of the parcel. A billboard is located on the property.
Positioned at the corner of South Park Ave. and Hopkins Street, the property offers access through multiple curb cuts. The location provides proximity to major businesses, restaurants, entertainment, and roadways including the New York State Thruway, I-190, I-90, and Route 5. Downtown Buffalo, the Peace Bridge, and Southtown markets are minutes away. Built in 1955, the facility is suited to automotive service and related commercial operations.
Positioned at the corner of South Park Ave. and Hopkins Street, the property offers access through multiple curb cuts. The location provides proximity to major businesses, restaurants, entertainment, and roadways including the New York State Thruway, I-190, I-90, and Route 5. Downtown Buffalo, the Peace Bridge, and Southtown markets are minutes away. Built in 1955, the facility is suited to automotive service and related commercial operations.
Key Highlights
- 1,620 SF three‑bay automotive garage
- 10‑foot overhead doors at each bay
- Additional lift serving each garage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,780
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,600
$315.6K
Cap Rate 7%
$225,429
$225.4K
Cap Rate 9%
$175,333
$175.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$25.3K $15.60/SF
− Vacancy
−$2.7K −$1.68/SF
EGI
$22.5K $13.92/SF
− OpEx
−$6.8K −$4.17/SF
NOI
$15.8K $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%
$315,600
Cap Rate 7%
$225,429
Cap Rate 9%
$175,333
Alternative Uses
Best Use
Retail
$225.4K
$197.3K – $263.0K
NOI $15,780 @ 7.0% cap · market cap 5.26%
Second Best
Industrial
$162.1K
$141.8K – $189.1K
NOI $11,347 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$389.6K
$340.9K – $454.5K
NOI $27,270 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14220, NY
23,959
Population
11,286
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
6,305
Density / Sq Mi
$68,337
Median Household Income
$42,112
Median Earnings
$974
Median Rent
$180,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
Similar Off Market Nearby
- Gushi Customs — 356 Hopkins St, Buffalo, NY 14220
- Charley's Frontier Services — 666 Tifft St, Buffalo, NY 14220
- The Wrap Cartel — 356 Hopkins St, Buffalo, NY 14220
- Full Sendthetic Customs — 365 Hopkins St, Buffalo, NY 14220
- H-A AUTO REPAIR — 1906 South Park Ave, Buffalo, NY 14220
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with overhead doors, service lifts, office space, storage rooms, and multiple curb cuts.
Where is this auto shop located?
The property is located at 1423 S Park Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,620 SF three‑bay automotive garage; 10‑foot overhead doors at each bay; Additional lift serving each garage space
