Restaurant and Loft Mixed-Use
For Sale
$499,900
1532 Genesee Street, Buffalo, NY 14211
A two-level layout pairs a functioning restaurant with a loft residence and private patio.
Property Size3,914 SF
Price / SF$127.72
Days on Market268
Property Features for 1532 Genesee Street
General Information
Standard status
Active
Size
3,914 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
N3R, Residential Multi Use
Site & Location
Neighborhood
Genesee-Moselle
Additional Details
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,448
Building Details
Building Size
3,914 SF
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Pioneer Star Real Estate Inc.
(716) 689-7250
Listed By:
Sandra Callahan · License #30CA1012043
(716) 510-8711
Source:
Deeprootedrealty
Added: Feb 2
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 Pioneer Star Real Estate Inc.
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Investment Insights
Based on property information with market context.
This 3,914-square-foot mixed-use property in Buffalo contains a functioning restaurant on the main level and loft-style living space upstairs. The building was reconstructed from the studs, with new plumbing and electrical systems. Restaurant equipment includes commercial cooking appliances and 2 walk-in freezers. The upper-level loft has a private patio, kitchen and bathroom finishes, a brick accent wall, and washer and dryer hookups. The property was built in 1900 and is zoned N3R, Residential Multi Use.
A fenced, gated site includes parking for 30+ cars. The property is approximately 5 minutes from downtown Buffalo.
A fenced, gated site includes parking for 30+ cars. The property is approximately 5 minutes from downtown Buffalo.
Key Highlights
- 3,914‑square‑foot mixed‑use building with restaurant and loft residence
- Restaurant includes commercial cooking equipment and 2 walk‑in freezers
- Parking accommodates 30+ cars on a fenced, gated property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,878
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,560
$897.6K
Cap Rate 7%
$641,114
$641.1K
Cap Rate 9%
$498,644
$498.6K
Market Conditions
NOI Build-Up for 3,914 SF
Gross rent
$65.8K $16.80/SF
− Vacancy
−$5.9K −$1.51/SF
EGI
$59.8K $15.29/SF
− OpEx
−$15.0K −$3.82/SF
NOI
$44.9K $11.47/SF
Area
Buffalo, NY
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,560
Cap Rate 7%
$641,114
Cap Rate 9%
$498,644
Alternative Uses
Best Use
Specialty Retail
$641.1K
$561.0K – $748.0K
NOI $44,878 @ 7.0% cap · market cap 8.98%
Second Best
Mixed Use
$603.9K
$528.4K – $704.5K
NOI $42,271 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$941.2K
$823.6K – $1.10M
NOI $65,887 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level layout pairs a functioning restaurant with a loft residence and private patio.
Where is this mixed-use property located?
The property is located at 1532 Genesee Street Buffalo, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,914‑square‑foot mixed‑use building with restaurant and loft residence; Restaurant includes commercial cooking equipment and 2 walk‑in freezers; Parking accommodates 30+ cars on a fenced, gated property
