Two-Story Office and Apartment
3381 Genesee Street Cheektowaga, NY 14225
3381 Genesee Street, Cheektowaga, NY, 14225
$270,000
For Sale
$270,000
Two-story office building with separate utilities, plus a 5-bay garage and paved parking for up to 50 vehicles.
Property Size1,936 SF
Price / SF$139.46
Days on Market69
Property Features for 3381 Genesee Street
General Information
- Standard status
- Active
- Size
- 1,936 SF
- Property subtype
- Office - General Office
Building Details
- Year Built
- 1930
Listing agency
HUNT Commercial
(716) 946-5438
Listed by
Leah E. Curione · License #10401257858
Source
Commercialcafe
Added: May 14 Updated: Jul 21 at 12:29AM Checked: Jul 21 at 3:11AM
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.
Located at 3381 Genesee Street, this 2-story building was formerly used as a healthcare workers training facility and is well suited for office or mixed-use development. The first floor is described as suitable for office or retail use, while the second floor is suited for apartment use. Upper and lower units are separately metered.
The property features approximately 155 feet of frontage on Genesee Street near Cayuga Drive, and includes a 2,100 SF 5-bay garage that can support an additional revenue stream. There is also paved parking adjacent to the building for up to 50 vehicles. The roof is described as newer, and the garages were rebuilt approximately 8 years ago.
This offering is presented as a versatile, income-capable property with visibility and accessibility along a busy commercial corridor.
The property features approximately 155 feet of frontage on Genesee Street near Cayuga Drive, and includes a 2,100 SF 5-bay garage that can support an additional revenue stream. There is also paved parking adjacent to the building for up to 50 vehicles. The roof is described as newer, and the garages were rebuilt approximately 8 years ago.
This offering is presented as a versatile, income-capable property with visibility and accessibility along a busy commercial corridor.
Key Highlights
- 1,936 SF 2‑story office building built in 1930, formerly a healthcare workers training facility
- 5‑bay garage totaling 2,100 SF plus paved parking for up to 50 vehicles to support rental income
- 155' of frontage on Genesee Street near Cayuga Drive
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 | $39.5k | $20.40 |
| − Vacancy | −$7.1k | −$3.69 |
| EGI | $32.3k | $16.71 |
| − OpEx | −$8.1k | −$4.18 |
| NOI | $24.3k | $12.53 |
1,936 SF · lease $20.40/SF/yr · vacancy 18.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 8.98%
Second Best
Mixed Use
$259.8K
$227.3K – $303.1K
NOI $18,186 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$423.2K
$370.3K – $493.8K
NOI $29,625 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-story office building with separate utilities, plus a 5-bay garage and paved parking for up to 50 vehicles.
Where is this live-work space located?
The property is located at 3381 Genesee Street Cheektowaga, NY.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,936 SF 2‑story office building built in 1930, formerly a healthcare workers training facility; 5‑bay garage totaling 2,100 SF plus paved parking for up to 50 vehicles to support rental income; 155' of frontage on Genesee Street near Cayuga Drive
