Waterfront
For Sale
Contact for pricing
Pending
8743 Buffalo Avenue, Niagara Falls, NY 14304
Renovated interior includes updated flooring, windows, drywall, paint, and a new bathroom.
Property Size1,560 SF
Days on Market47
Property Features for 8743 Buffalo Avenue
General Information
Standard status
Pending
Size
1,560 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1940
Listing Agency:
Red Door Real Estate WNY LLC
(716) 768-1177
Listed By:
Renee J Moran · License #10491202951
(716) 866-8361
Source:
Prestigefamilyrealty
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 Red Door Real Estate WNY 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.
The 1,560-square-foot storefront at 8743 Buffalo Avenue was renovated with new flooring, paint, drywall, windows, and a bathroom. No tenant has occupied the space since the renovation. The building dates to 1940.
The property is in Niagara Falls, along Buffalo Avenue, with access to I-190 and Niagara Falls Boulevard. It backs onto Cayuga Creek, offering a waterfront setting.
The property is in Niagara Falls, along Buffalo Avenue, with access to I-190 and Niagara Falls Boulevard. It backs onto Cayuga Creek, offering a waterfront setting.
Key Highlights
- 1,560‑square‑foot storefront
- Renovation includes new flooring, paint, drywall, windows, and a bathroom
- No tenant has occupied the space since renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,160
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,200
$343.2K
Cap Rate 7%
$245,143
$245.1K
Cap Rate 9%
$190,667
$190.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$28.1K $18.00/SF
− Vacancy
−$3.6K −$2.29/SF
EGI
$24.5K $15.71/SF
− OpEx
−$7.4K −$4.71/SF
NOI
$17.2K $11.00/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,200
Cap Rate 7%
$245,143
Cap Rate 9%
$190,667
Alternative Uses
Best Use
Retail
$245.1K
$214.5K – $286.0K
NOI $17,160 @ 7.0% cap · market cap 1,072.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,787 @ 7.0% cap · market cap 5,799.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated interior includes updated flooring, windows, drywall, paint, and a new bathroom.
Where is this storefront property located?
The property is located at 8743 Buffalo Avenue Niagara Falls, NY.
What are key features of this property?
This property features: 1,560‑square‑foot storefront; Renovation includes new flooring, paint, drywall, windows, and a bathroom; No tenant has occupied the space since renovation
