Street-Level Retail and
For Sale
Contact for pricing
744 Elmwood Ave, Buffalo, NY 14222
For-sale mixed-use storefront property on Elmwood Avenue in a walkable corridor with 200+ local businesses.
Property Size8,711 SF
Price / SF$212.26
Days on Market197
Property Features for 744 Elmwood Ave
General Information
Standard status
Active
Size
8,711 SF
Property subtype
Mixed Use, Multifamily, Retail
Zoning
N-482
Net Operating Income
$118,440
Building Details
Buildings
1
Stories
2
Units
8
Listing Agency:
WindsorTurner, LLC
Listed By:
Rod Nagy · License #10491213219
Source:
Crexi
Added: Apr 9
Changed: Oct 15
Last Checked: Oct 20 at 6:31PM
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 WindsorTurner, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale commercial property at 744 Elmwood Ave is a street-level retail asset within a mixed-use building profile. The total property size is 8,711 square feet.
Elmwood Avenue is presented as one of Western New York’s most active pedestrian corridors, with 200+ locally owned boutiques, restaurants, cafes, pubs, galleries, and service businesses. The surrounding district is described as walkable and supported by a consistent lineup of independent retailers, restaurants, and cultural institutions.
The listing information positions the property for buyers and tenants seeking established street-level retail demand within Elmwood Village.
Elmwood Avenue is presented as one of Western New York’s most active pedestrian corridors, with 200+ locally owned boutiques, restaurants, cafes, pubs, galleries, and service businesses. The surrounding district is described as walkable and supported by a consistent lineup of independent retailers, restaurants, and cultural institutions.
The listing information positions the property for buyers and tenants seeking established street-level retail demand within Elmwood Village.
Key Highlights
- For‑sale mixed‑use storefront property on Elmwood Avenue in Buffalo’s Elmwood Village
- Elmwood Village is designated by the American Planning Association as one of the “10 Great Neighborhoods in America”
- Elmwood Avenue features 200+ locally owned boutiques, restaurants, cafes, pubs, galleries, and service businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,079
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,580
$1.9M
Cap Rate 7%
$1,343,986
$1.3M
Cap Rate 9%
$1,045,322
$1.0M
Market Conditions
NOI Build-Up for 8,711 SF
Gross rent
$167.3K $19.20/SF
− Vacancy
−$16.7K −$1.92/SF
EGI
$150.5K $17.28/SF
− OpEx
−$56.4K −$6.48/SF
NOI
$94.1K $10.80/SF
Area
Buffalo, NY
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,580
Cap Rate 7%
$1,343,986
Cap Rate 9%
$1,045,322
Alternative Uses
Best Use
Mixed Use
$1.34M
$1.18M – $1.57M
NOI $94,079 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,851 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,637 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale mixed-use storefront property on Elmwood Avenue in a walkable corridor with 200+ local businesses.
Where is this storefront property located?
The property is located at 744 Elmwood Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: For‑sale mixed‑use storefront property on Elmwood Avenue in Buffalo’s Elmwood Village; Elmwood Village is designated by the American Planning Association as one of the “10 Great Neighborhoods in America”; Elmwood Avenue features 200+ locally owned boutiques, restaurants, cafes, pubs, galleries, and service businesses
