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    471 Elmwood Ave Buffalo, NY 14222

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Buffalo location, multiple suites available.

    Lot size:
    16,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property at 471 Elmwood Avenue in Buffalo, NY, offers 16,560 square feet of space across three suites in a two-story building. Originally constructed in 1910 and renovated in 1980, this building boasts a desirable street-level retail presence in the vibrant Elmwood Village neighborhood. The property features convenient off-street parking in the rear, supplementing readily available on-street parking and nearby garage options at 489 Elmwood. A basement provides valuable storage space for tenants. The building's corner location offers excellent visibility and accessibility within a thriving commercial district. Elmwood Village is known for its mix of local businesses and national retailers, including Starbucks, Bank of America, M&T Bank, and Panera Bread. Its proximity to Buffalo State College and Delaware Park, a renowned Olmsted-designed park, contributes to a high concentration of young, educated professionals. This makes 471 Elmwood Avenue an ideal location for businesses seeking a strong presence in one of Upstate New York's most sought-after neighborhoods. The zip code is 14222.

    Property Features for 471 Elmwood Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,560 SF
    Total Rate
    34500

    Building Details

    Year Built/Renovated
    1910/1980
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    2,460 SF
    Rate per SF
    $25

    HighLights

    • 16,560 SF retail space in three suites, two‑story building at 471 Elmwood Ave, Buffalo, NY 14222.
    • Building features a desirable street‑level retail presence in the Elmwood Village neighborhood.
    • Offers convenient rear off‑street parking, plus ample on‑street parking and nearby garages.
    • Includes basement storage.
    • Corner lot location provides excellent visibility in a thriving commercial district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Body Solace Massage Therapist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8768023
    Latitude
    42.9100839

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    FAQs

    What type of property is this?
    Individual retail property - Prime Buffalo location, multiple suites available.
    Where is this individual retail property located?
    The property is located at 471 Elmwood Ave Buffalo, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 16,560 SF retail space in three suites, two-story building at 471 Elmwood Ave, Buffalo, NY 14222.; Building features a desirable street-level retail presence in the Elmwood Village neighborhood.; Offers convenient rear off-street parking, plus ample on-street parking and nearby garages.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    471 Elmwood Ave Buffalo, NY 14222
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