Freestanding Bank Building with Drive-Up
New
For Sale
$1,149,900
3101 Bailey Avenue, Buffalo, NY 14215
COMMERCIAL - Buffalo, NY
Property Size8,396 SF
Lot Size0.31 Acres
Price / SF$136.96
Days on Market6
Property Features for 3101 Bailey Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
N-3C
Zoning description
Commercial
Rooms
Basement
Parking
10
Lot features
Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-090-250-0007-003-000
Size
8,396 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
9837
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1939
Floors in Building
2
Building materials
Brick
Roof type
Tile, Slate
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
MD Zahid Al Mamun · License #10401401589
(347) 357-4253
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 3 at 1:06AM
MLS# B1694315
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.
Investment Insights
Based on property information with market context.
This vacant former bank building offers 8,396 square feet in a brick structure built in 1939 on a 0.3131-acre lot. The property includes a fully finished basement with 9-foot ceilings and multiple restrooms, plus a former banking/retail area with 14-foot ceilings. Office and back-office improvements include eight glass-enclosed offices and an 8' x 10' walk-in vault. Drive-up convenience is supported by two drive-up teller/ATM lanes.
Additional building systems and infrastructure include a newer HVAC system, a gas boiler, and a pitched roof. Heating is provided via forced air with natural gas. Parking consists of 10 off-street spaces, along with abundant on-street parking for customers and employees. The property is located on Bailey Avenue and is described as having excellent visibility and accessibility. Zoning is N-3C.
The building is described as suitable for a variety of office, retail, medical, financial, educational, professional, or service-related uses. The property is sold as-is.
Additional building systems and infrastructure include a newer HVAC system, a gas boiler, and a pitched roof. Heating is provided via forced air with natural gas. Parking consists of 10 off-street spaces, along with abundant on-street parking for customers and employees. The property is located on Bailey Avenue and is described as having excellent visibility and accessibility. Zoning is N-3C.
The building is described as suitable for a variety of office, retail, medical, financial, educational, professional, or service-related uses. The property is sold as-is.
Key Highlights
- Vacant former bank building with 8,396 SF on a 0.3131‑acre lot
- Two drive‑up teller/ATM lanes plus 10 off‑street parking spaces
- N‑3C zoning; described for office, retail, medical, financial, education, professional or service uses
Financial Insights For Office B
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 | $171.3k | $20.40 |
| − Vacancy | −$31.7k | −$3.77 |
| EGI | $139.6k | $16.63 |
| − OpEx | −$34.9k | −$4.16 |
| NOI | $104.7k | $12.47 |
8,396 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.74M
NOI $104,694 @ 7.0% cap · market cap 9.10%
Second Best
Specialty Retail
$1.38M
$1.20M – $1.60M
NOI $96,269 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,335 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Vacant former bank building with N-3C zoning, 400-amp electric service, and drive-up teller/ATM lanes in Buffalo.
Where is this bank located?
The property is located at 3101 Bailey Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Vacant former bank building with 8,396 SF on a 0.3131‑acre lot; Two drive‑up teller/ATM lanes plus 10 off‑street parking spaces; N‑3C zoning; described for office, retail, medical, financial, education, professional or service uses
