Mixed-Use Property with
For Sale
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506 Elmwood Ave, Buffalo, NY 14222
2007-built asset combining storefront space with residential units and tenant-oriented amenities.
Property Size11,437 SF
Days on Market147
Property Features for 506 Elmwood Ave
General Information
Standard status
Active
Size
11,437 SF
Property subtype
Mixed Use, Multifamily, Retail
Occupancy
100%
Lease Type
Modified Gross
Additional Details
Anchor Co-Tenants
Chayban's Tailoring, Lock & Key Escape Room
Amenities
balconies
central air
in-unit laundry
dishwashers
Building Details
Year Built
2007
Buildings
1
Stories
4
Units
9
Tenancy
Multi
Listing Agency:
Schneider Real Estate Services
(716) 882-0212
Listed By:
Matt Hartrich · License #NY 10491208216
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 10:52AM
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 Schneider Real Estate Services
Investment Insights
Based on property information with market context.
Constructed in 2007, this 11,437-square-foot mixed-use property combines ground-floor retail with residential apartments. Apartment features include balconies, central air, dishwashers, and natural light, while some units also offer in-unit laundry. The building was designed and constructed by an architect-builder team, with modern building systems described in the property information.
The retail component includes Chayban’s Tailoring and Lock & Key Escape Room. Lock & Key has operated at the property for more than 10 years. The asset is situated along Elmwood Avenue near established retailers and ongoing neighborhood reinvestment, with walking access to Five Points and Allentown. Downtown Buffalo, the Buffalo Niagara Medical Campus, D’Youville University, and the University at Buffalo Jacobs School of Medicine are also identified as nearby demand drivers.
Current rents are described as below prevailing submarket levels, with comparable apartments supporting potential increases of approximately 15–20% and storefront retail increases of upwards of 50%.
The retail component includes Chayban’s Tailoring and Lock & Key Escape Room. Lock & Key has operated at the property for more than 10 years. The asset is situated along Elmwood Avenue near established retailers and ongoing neighborhood reinvestment, with walking access to Five Points and Allentown. Downtown Buffalo, the Buffalo Niagara Medical Campus, D’Youville University, and the University at Buffalo Jacobs School of Medicine are also identified as nearby demand drivers.
Current rents are described as below prevailing submarket levels, with comparable apartments supporting potential increases of approximately 15–20% and storefront retail increases of upwards of 50%.
Key Highlights
- 11,437‑square‑foot mixed‑use property built in 2007
- Retail component includes Chayban’s Tailoring and Lock & Key Escape Room
- Lock & Key Escape Room has operated at the property for over 10 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 2007-built asset combining storefront space with residential units and tenant-oriented amenities.
Where is this mixed-use property located?
The property is located at 506 Elmwood Ave Buffalo, NY.
What are key features of this property?
This property features: 11,437‑square‑foot mixed‑use property built in 2007; Retail component includes Chayban’s Tailoring and Lock & Key Escape Room; Lock & Key Escape Room has operated at the property for over 10 years
