Mixed-Use Property with
New
For Sale
$499,900
1532 Genesee Street, Buffalo, NY 14211
The upper level offers loft-style living space and a private patio.
Property Size3,914 SF
Days on Market7
Property Features for 1532 Genesee Street
General Information
Standard status
Active
Size
3,914 SF
Property subtype
Commercial
Site & Location
Neighborhood
Genesee-Moselle
Additional Details
Patio
Yes
Taxes and HOA fees
Annual Taxes
$2,448
Amenities
private fenced and gated property
washer and dryer hookups
Building Details
Building Size
3,914 SF
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Pioneer Star Real Estate Inc.
Listed By:
Sandra Callahan · License #30CA1012043
(716) 510-8711
Source:
Highfallssir
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 4 at 10:19PM
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 two-level mixed-use property combines a functioning restaurant on the main floor with loft-style living space upstairs. The restaurant is equipped with commercial-grade cooking equipment and 2 walk-in freezers. The upper level includes a kitchen, bathroom, washer and dryer hookups, and a private patio. The property was rebuilt from the studs up, with new plumbing and electrical work.
A fenced and gated site includes parking for 30+ cars. The property is located in Buffalo, 5 minutes from downtown. Built in 1900.
A fenced and gated site includes parking for 30+ cars. The property is located in Buffalo, 5 minutes from downtown. Built in 1900.
Key Highlights
- Main‑floor restaurant with commercial‑grade cooking equipment
- 2 walk‑in freezers
- Parking for 30+ cars
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
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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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Market
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper level offers loft-style living space and a 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: Main‑floor restaurant with commercial‑grade cooking equipment; 2 walk‑in freezers; Parking for 30+ cars
