Street-Level Retail and
744 Elmwood Ave Buffalo, NY 14222
744 Elmwood Ave, Buffalo, NY, 14222
Contact for pricing
For Sale
Contact for pricing
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 Market105
Property Features for 744 Elmwood Ave
General Information
- Standard status
- Active
- Size
- 8,711 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Listing agency
WindsorTurner, LLC
Listed by
Rod Nagy · License #10491213219
Source
Crexi
Added: Apr 9 Updated: Jul 22 at 2:52AM Checked: Jul 22 at 2:52AM
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 WindsorTurner, LLC
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
Local Financial Insights For Mixed Use
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 | $167.3k | $19.20 |
| − Vacancy | −$16.7k | −$1.92 |
| EGI | $150.5k | $17.28 |
| − OpEx | −$56.4k | −$6.48 |
| NOI | $94.1k | $10.80 |
8,711 SF · lease $19.20/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Purple Doorknob
Clothing Store
Similar For Sale Nearby
Similar Off Market Nearby
- Same Day Flower Delivery Buffalo - 64 Alo — 1464 Main St, Buffalo, NY 14209
- bōtan — 291 Bryant St, Buffalo, NY 14222
- Sage Flower Shop — 87 16th St, Buffalo, NY 14213
FAQs
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
