Renovated Flex Office-Retail
3356 Genesee St Cheektowaga, NY 14086
3356 Genesee St, Cheektowaga, NY, 14086
$299,900
Pending
For Sale
$299,900
Pending
All-brick ranch with an open first floor, finished basement, and large side lot with space for about 10 parking spots.
Property Size2,184 SF
Days on Market76
Property Features for 3356 Genesee St
General Information
- Standard status
- Pending
- Size
- 2,184 SF
Listing agency
HUNT Real Estate Corporation
(716) 341-6864
Listed by
Dante Santora
(716) 341-6864
Source
Exprealty
Added: May 7 Updated: Jul 21 at 4:29AM Checked: Jul 21 at 4:29AM
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 Real Estate Corporation
Investment Insights
Based on property information with market context.
Renovated all-brick flex commercial building configured as an open-concept first floor with modern finishes, updated flooring, recessed lighting, and abundant natural light. The finished basement adds additional usable space that may be used for private offices, storage, or other interior uses, depending on the buyer’s plans.
The property includes a spacious two-car garage and a large side lot with approximately 10 parking spaces. Located on Genesee Street in Cheektowaga with easy access to major highways, as well as nearby shopping and restaurants.
Zoned NS – Neighborhood Service District. The building is described as turn-key and ready for immediate occupancy or investment use.
The property includes a spacious two-car garage and a large side lot with approximately 10 parking spaces. Located on Genesee Street in Cheektowaga with easy access to major highways, as well as nearby shopping and restaurants.
Zoned NS – Neighborhood Service District. The building is described as turn-key and ready for immediate occupancy or investment use.
Key Highlights
- All‑brick flex commercial property on Genesee Street with 2,184 total SF (1,092 SF first floor plus 525 SF finished basement).
- Open‑concept first floor with modern finishes, updated flooring, recessed lighting, and abundant natural light.
- Finished basement adds usable space, with potential for private offices, storage, living space, or a possible 2–3 bedroom configuration.
Local 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 | $44.6k | $20.40 |
| − Vacancy | −$8.1k | −$3.69 |
| EGI | $36.5k | $16.71 |
| − OpEx | −$9.1k | −$4.18 |
| NOI | $27.4k | $12.53 |
2,184 SF · lease $20.40/SF/yr · vacancy 18.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$391.0K
$342.1K – $456.1K
NOI $27,367 @ 7.0% cap · market cap 9.13%
Second Best
Retail
$280.5K
$245.5K – $327.3K
NOI $19,637 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$477.4K
$417.8K – $557.0K
NOI $33,420 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kaminska Thomas M ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - All-brick ranch with an open first floor, finished basement, and large side lot with space for about 10 parking spots.
Where is this office units located?
The property is located at 3356 Genesee St Cheektowaga, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: All‑brick flex commercial property on Genesee Street with 2,184 total SF (1,092 SF first floor plus 525 SF finished basement).; Open‑concept first floor with modern finishes, updated flooring, recessed lighting, and abundant natural light.; Finished basement adds usable space, with potential for private offices, storage, living space, or a possible 2–3 bedroom configuration.
