Flex Warehouse with Drive-In
229 French St Buffalo, NY 14211
New
For Sale
$499,000
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$83.63
Days on Market2
Property Features for 229 French St
General Information
- Standard status
- Active
- Size
- 5,967 SF
- Lot size
- 0.72 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1955
Listing Agency:
HUNT Commercial
(716) 392-8284
Listed By:
Amanda Hirsch · License #10401323713
Source:
Huntcommercial
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 3:09AM
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
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 For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.6k | $12.00 |
| − Vacancy | −$5.0k | −$0.84 |
| EGI | $66.6k | $11.16 |
| − OpEx | −$23.3k | −$3.91 |
| NOI | $43.3k | $7.25 |
5,967 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$725.0K
$634.4K – $845.9K
NOI $50,751 @ 7.0% cap · market cap 10.17%
Second Best
Flex RnD
$618.4K
$541.1K – $721.4K
NOI $43,285 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.43M
$1.26M – $1.67M
NOI $100,446 @ 7.0% cap · market cap 20.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Brookes eat good — 205 Schuele Ave, Buffalo, NY 14215
FAQs
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 $499,000.
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
