Mixed-Use Space with Restaurant
New
For Sale
Contact for pricing
2265 Delaware Avenue, Buffalo, NY 14216
First-floor commercial premises include existing restaurant and bar infrastructure that may support food and beverage operations.
Property Size3,450 SF
Price / SF$1.39
Days on Market5
Property Features for 2265 Delaware Avenue
General Information
Standard status
Active
Size
3,450 SF
Site & Location
Neighborhood
North Park
Listing Agency:
HUNT Real Estate ERA
(716) 832-4838
Listed By:
Michael Olczak · License #10401367431
(716) 348-2052
Source:
Nicholcityrealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 3:34PM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
The first-floor commercial space encompasses approximately 3,450 square feet and includes existing restaurant and bar infrastructure. The premises may be configured as separate suites, subject to tenant requirements and the available layout. Customization is possible with landlord approval and required permits and code compliance.
Located at 2265 Delaware Avenue in Buffalo, the property is just south of Hertel Avenue.
Located at 2265 Delaware Avenue in Buffalo, the property is just south of Hertel Avenue.
Key Highlights
- Approximately 3,450 SF of first‑floor commercial space
- Existing restaurant and bar infrastructure
- Potential to divide the premises into separate suites, depending on requirements and configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,605
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,100
$672.1K
Cap Rate 7%
$480,071
$480.1K
Cap Rate 9%
$373,389
$373.4K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$53.8K $15.60/SF
− Vacancy
−$5.8K −$1.68/SF
EGI
$48.0K $13.92/SF
− OpEx
−$14.4K −$4.17/SF
NOI
$33.6K $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%
$672,100
Cap Rate 7%
$480,071
Cap Rate 9%
$373,389
Alternative Uses
Best Use
Mixed Use
$532.3K
$465.8K – $621.0K
NOI $37,260 @ 7.0% cap · market cap 776.25%
Second Best
Retail
$480.1K
$420.1K – $560.1K
NOI $33,605 @ 7.0% cap · market cap 700.10%
Theoretical Best
Office A
$829.7K
$726.0K – $967.9K
NOI $58,076 @ 7.0% cap · market cap 1,209.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
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 - First-floor commercial premises include existing restaurant and bar infrastructure that may support food and beverage operations.
Where is this mixed-use property located?
The property is located at 2265 Delaware Avenue Buffalo, NY.
What are key features of this property?
This property features: Approximately 3,450 SF of first‑floor commercial space; Existing restaurant and bar infrastructure; Potential to divide the premises into separate suites, depending on requirements and configuration
