Licensed Auto Repair
For Sale
$399,900
2617 Elmwood Avenue, Buffalo, NY 14217
CommercialSale, Buffalo, NY
Property Size1,232 SF
Lot Size0.29 Acres
Price / SF$324.59
Days on Market295
Property Features for 2617 Elmwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
4
Zoning description
Commercial
Parking
25
Lot features
Rectangular, Rectangular Lot
Elementary school district
Kenmore-Tonawanda Union Free District
Middle school district
Kenmore-Tonawanda Union Free District
High school district
Kenmore-Tonawanda Union Free District
Subdivision
Kenmore-Village-146401
Standard status
Active
APN
146401-066-690-0002-027-000
Size
1,232 SF
Lot size
0.29 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Additional Details
Automotive Uses
auto repair, dealership/vehicle sales
Taxes and HOA fees
Tax Annual Amount
14183
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas, Space Heater
Cooling system
Heat Pump
Building Details
Year built
1972
Floors in Building
1
Flooring type
Vinyl, Linoleum
Roof type
Flat
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Walaa Kadhum · License #10401363055
(716) 495-5961
Added: Jan 15
Changed: Nov 5
Last Checked: Nov 5 at 7:06AM
MLS# B1657443
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,232-square-foot automotive property includes an operating auto repair and vehicle sales business. The sale includes tools, equipment, machinery, licenses, dealer plates, NYS auto repair licensing, dealer licensing, and NYS inspection station approval. The building was constructed in 1972 and features a flat roof, vinyl and linoleum flooring, space heating, natural gas, heat pump heating, heat pump cooling, and public sewer service. The site encompasses 0.2913 acres and provides approximately 24 parking spaces.
Located at 2617 Elmwood Avenue in Buffalo, the property has frontage on Elmwood Avenue and is identified with zoning 4. Its existing approvals and automotive improvements support repair, inspection, and vehicle sales operations.
Located at 2617 Elmwood Avenue in Buffalo, the property has frontage on Elmwood Avenue and is identified with zoning 4. Its existing approvals and automotive improvements support repair, inspection, and vehicle sales operations.
Key Highlights
- 1,232‑square‑foot automotive property on a 0.2913‑acre site
- Approximately 24 parking spaces for customers, inventory, and service vehicles
- Includes NYS auto repair license, dealer license, dealer plates, and inspection station approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,000
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,000
$240.0K
Cap Rate 7%
$171,429
$171.4K
Cap Rate 9%
$133,333
$133.3K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$19.2K $15.60/SF
− Vacancy
−$2.1K −$1.68/SF
EGI
$17.1K $13.92/SF
− OpEx
−$5.1K −$4.17/SF
NOI
$12.0K $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%
$240,000
Cap Rate 7%
$171,429
Cap Rate 9%
$133,333
Alternative Uses
Best Use
Retail
$171.4K
$150.0K – $200.0K
NOI $12,000 @ 7.0% cap · market cap 3.00%
Second Best
Industrial
$123.3K
$107.9K – $143.8K
NOI $8,629 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$296.3K
$259.2K – $345.7K
NOI $20,739 @ 7.0% cap · market cap 5.19%
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
1,043
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,696 visits/mo
0.4 miles
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Buffalo, NY
Similar Off Market Nearby
- BNR Collision Services — 735 Military Rd, Buffalo, NY 14216
- Somehow auto — 35 Skillen St, Buffalo, NY 14207
- smokeshow auto and collision — 35 Skillen St #1a, Buffalo, NY 14207
- Unstoppable Auto LLC — 35 Skillen St, Buffalo, NY 14207
- Ppr Collision Repair Center — Blum Ave, Buffalo, NY 14216
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive property with repair equipment, inspection approval, dealer licensing, and on-site parking.
Where is this auto shop located?
The property is located at 2617 Elmwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,232‑square‑foot automotive property on a 0.2913‑acre site; Approximately 24 parking spaces for customers, inventory, and service vehicles; Includes NYS auto repair license, dealer license, dealer plates, and inspection station approval
