Storefront Property with On-Site
For Sale
Contact for pricing
775 Elmwood Avenue, Buffalo, NY 14222
Mixed-use building includes rear access, existing retail improvements, and dedicated parking.
Property Size4,919 SF
Price / SF$0.21
Days on Market47
Property Features for 775 Elmwood Avenue
General Information
Standard status
Active
Size
4,919 SF
Listing Agency:
Greco Real Estate.Com
(716) 884-3500
Listed By:
Jill Anne Norton · License #10301211095
(716) 444-4428
Source:
Nicholcityrealty
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:45AM
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 Greco Real Estate.Com
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Investment Insights
Based on property information with market context.
This 4,919-square-foot wood-frame property combines storefront retail space with residential use in a multi-tenant configuration. The available area is positioned at the rear of an established hair salon, with an additional rear entrance that can support businesses seeking a more private customer or service flow. Existing retail improvements are in place, and salon chair space is also available. The building presents a traditional street-facing storefront along Elmwood Avenue, complemented by dedicated on-site parking.
The property is zoned N-2C and is located within a neighborhood commercial setting surrounded by residential density and established local businesses. Its storefront orientation, separate rear access, and existing build-out provide a practical physical framework for retail or other commercial operations supported by the property’s current configuration.
The property is zoned N-2C and is located within a neighborhood commercial setting surrounded by residential density and established local businesses. Its storefront orientation, separate rear access, and existing build-out provide a practical physical framework for retail or other commercial operations supported by the property’s current configuration.
Key Highlights
- 4,919‑square‑foot wood‑frame mixed‑use property
- N‑2C zoning
- Rear commercial space within an established hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,914
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,280
$958.3K
Cap Rate 7%
$684,486
$684.5K
Cap Rate 9%
$532,378
$532.4K
Market Conditions
NOI Build-Up for 4,919 SF
Gross rent
$76.7K $15.60/SF
− Vacancy
−$8.3K −$1.68/SF
EGI
$68.4K $13.92/SF
− OpEx
−$20.5K −$4.17/SF
NOI
$47.9K $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%
$958,280
Cap Rate 7%
$684,486
Cap Rate 9%
$532,378
Alternative Uses
Best Use
Mixed Use
$758.9K
$664.1K – $885.4K
NOI $53,125 @ 7.0% cap · market cap 5,259.90%
Second Best
Retail
$684.5K
$598.9K – $798.6K
NOI $47,914 @ 7.0% cap · market cap 4,743.96%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,804 @ 7.0% cap · market cap 8,198.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use building includes rear access, existing retail improvements, and dedicated parking.
Where is this storefront property located?
The property is located at 775 Elmwood Avenue Buffalo, NY.
What are key features of this property?
This property features: 4,919‑square‑foot wood‑frame mixed‑use property; N‑2C zoning; Rear commercial space within an established hair salon
