Flex Warehouse with Drive-In
For Sale
$475,000
229 French St, Buffalo, NY 14211
Flex warehouse featuring drive-in access, 16-foot ceiling height, and 27 parking spaces on a 0.72-acre lot.
Property Size5,967 SF
Lot Size0.72 Acres
Price / SF$79.60
Days on Market99
Property Features for 229 French St
General Information
Standard status
Active
Size
5,967 SF
Total Parking Spaces
27
Lot size
0.72 Acres
Property subtype
Industrial
Zoning
N-1S
Site & Location
Neighborhood
Mlk Park
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Building Details
Building Size
5,967 SF
Year Built
1955
Listing Agency:
Hunt Commercial - Buffalo
Listed By:
Amanda Hirsch · License #10401323713
(716) 392-8284
Source:
Huntcommercial
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 28 at 7:03AM
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 Commercial - Buffalo
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Investment Insights
Based on property information with market context.
This flex warehouse includes a 5,967-square-foot building on a 0.72-acre lot, built in 1950. The property provides drive-in access and 16-foot ceiling heights, with 27 parking spaces for tenant and customer use.
Zoned N-1S (Secondary Employment Center), the space is suited to mixed-use industrial and employment-driven development. The listing is positioned in an established Buffalo employment corridor.
The existing configuration supports a flexible mix of commercial, office, warehouse, and light-industrial uses within the N-1S zoning framework.
Zoned N-1S (Secondary Employment Center), the space is suited to mixed-use industrial and employment-driven development. The listing is positioned in an established Buffalo employment corridor.
The existing configuration supports a flexible mix of commercial, office, warehouse, and light-industrial uses within the N-1S zoning framework.
Key Highlights
- 5,967 SF commercial/industrial flex building on a 0.72‑acre lot
- Drive‑in access with 16' ceiling heights for flex warehouse use
- Zoned N‑1S (Secondary Employment Center) allowing commercial and light‑industrial flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,285
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,700
$865.7K
Cap Rate 7%
$618,357
$618.4K
Cap Rate 9%
$480,944
$480.9K
Market Conditions
NOI Build-Up for 5,967 SF
Gross rent
$71.6K $12.00/SF
− Vacancy
−$5.0K −$0.84/SF
EGI
$66.6K $11.16/SF
− OpEx
−$23.3K −$3.91/SF
NOI
$43.3K $7.25/SF
Area
Buffalo, NY
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,700
Cap Rate 7%
$618,357
Cap Rate 9%
$480,944
Alternative Uses
Best Use
Warehouse
$725.0K
$634.4K – $845.9K
NOI $50,751 @ 7.0% cap · market cap 10.68%
Second Best
Flex RnD
$618.4K
$541.1K – $721.4K
NOI $43,285 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$1.43M
$1.26M – $1.67M
NOI $100,446 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Under-served
Demand for This Use
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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 Industrial in Buffalo, NY
Similar Off Market Nearby
- Brookes eat good — 205 Schuele Ave, Buffalo, NY 14215
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse featuring drive-in access, 16-foot ceiling height, and 27 parking spaces on a 0.72-acre lot.
Where is this flex space located?
The property is located at 229 French St Buffalo, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 5,967 SF commercial/industrial flex building on a 0.72‑acre lot; Drive‑in access with 16' ceiling heights for flex warehouse use; Zoned N‑1S (Secondary Employment Center) allowing commercial and light‑industrial flexibility
