Auto Shop with Service
For Sale
$449,900
3233 Lake Shore Rd, Buffalo, NY 14219
Auto shop with service bays, office, and waiting area.
Property Size1,890 SF
Price / SF$238.04
Days on Market208
Property Features for 3233 Lake Shore Rd
General Information
Standard status
Active
Size
1,890 SF
Building Details
Year Built
1950
Listing Agency:
Saperston Real Estate Corp
Listed By:
Willard H Saperston · License #10311207117
(716) 472-0776
Source:
Thejoshjamesteam
Added: Mar 26
Changed: Oct 7
Last Checked: Oct 7 at 3:53PM
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 Saperston Real Estate Corp
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Investment Insights
Based on property information with market context.
This property features all-block construction and includes three service bays, a waiting area, an office, and a bathroom. The interior requires renovation. According to the zoning map, the property is zoned M2 Light Industrial. The property is environmentally clean. It benefits from a high Annual Average Daily Traffic (AADT) count of over 53,000. The property could be paired with vacant lots across the street. The building has a size of 1890 square feet.
Key Highlights
- High Annual Average Daily Traffic (AADT) of 53,000 +
- Zoning: M2 Light Industrial
- 3 Service Bays with waiting area, office, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,410
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,200
$368.2K
Cap Rate 7%
$263,000
$263.0K
Cap Rate 9%
$204,556
$204.6K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$29.5K $15.60/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$26.3K $13.92/SF
− OpEx
−$7.9K −$4.17/SF
NOI
$18.4K $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%
$368,200
Cap Rate 7%
$263,000
Cap Rate 9%
$204,556
Alternative Uses
Best Use
Retail
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$454.5K
$397.7K – $530.3K
NOI $31,816 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
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
Similar Off Market Nearby
- Lake Shore Truck — 310 Lake Ave, Buffalo, NY 14219
- Southside Trailer Service, Inc. — 310 Lake Ave, Blasdell, NY 14219
- Paul's Frame Shop — 144 Lake Ave, Blasdell, NY 14219
- First Place Auto — 3233 Lake Shore Rd, Buffalo, NY 14219
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop with service bays, office, and waiting area.
Where is this auto shop located?
The property is located at 3233 Lake Shore Rd Buffalo, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: High Annual Average Daily Traffic (AADT) of 53,000 +; Zoning: M2 Light Industrial; 3 Service Bays with waiting area, office, and bathroom
