Retail Space Near McKinley
For Sale
$4,453,448
3701 McKinley Parkway, Buffalo, NY 14219
Built in 1986 with access to the McKinley Parkway retail corridor and major highways.
Property Size21,525 SF
Days on Market196
Property Features for 3701 McKinley Parkway
General Information
Standard status
Active
Size
21,525 SF
Property subtype
Retail - Street Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
21,525 SF
Year Built
1986
Listing Agency:
APEX Commercial Real Estate Advisors
Listed By:
Ayson Shammami · License #6502433307
(248) 554-5709
Source:
Commercialcafe
Added: Apr 3
Changed: Oct 8
Last Checked: Oct 14 at 8:22PM
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 APEX Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This retail property was built in 1986 and is located at 3701 McKinley Parkway in Buffalo, New York. Its setting places the space within an active commercial area associated with retail shopping and business activity.
McKinley Mall is nearby, while McKinley Parkway functions as a retail corridor serving shoppers and businesses. The property also benefits from proximity to major highways and other thoroughfares, connecting the site with the broader Buffalo area.
McKinley Mall is nearby, while McKinley Parkway functions as a retail corridor serving shoppers and businesses. The property also benefits from proximity to major highways and other thoroughfares, connecting the site with the broader Buffalo area.
Key Highlights
- Built in 1986
- Located near McKinley Mall
- Positioned along the McKinley Parkway retail corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,667
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,193,340
$4.2M
Cap Rate 7%
$2,995,243
$3.0M
Cap Rate 9%
$2,329,633
$2.3M
Market Conditions
NOI Build-Up for 21,525 SF
Gross rent
$335.8K $15.60/SF
− Vacancy
−$36.3K −$1.68/SF
EGI
$299.5K $13.92/SF
− OpEx
−$89.9K −$4.17/SF
NOI
$209.7K $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%
$4,193,340
Cap Rate 7%
$2,995,243
Cap Rate 9%
$2,329,633
Alternative Uses
Best Use
Retail
$3.00M
$2.62M – $3.49M
NOI $209,667 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,343 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
6,050 visits/mo
0.3 miles
Kwik Fill
Shops & Services
3,592 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
680 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail 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?
Retail space - Built in 1986 with access to the McKinley Parkway retail corridor and major highways.
Where is this retail space located?
The property is located at 3701 McKinley Parkway Buffalo, NY.
What is the asking price?
The asking price for this property is $4,453,448.
What are key features of this property?
This property features: Built in 1986; Located near McKinley Mall; Positioned along the McKinley Parkway retail corridor
