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    220 Lexington Ave Buffalo, NY 14222

    Sponsored
    For Lease
    $26 SF/Yr

    1000 SF Retail/Office, Prime Location

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,000 square foot retail space is ideally situated in Buffalo's vibrant Elmwood Village at 220 Lexington Avenue, Erie County, NY 14222. The property features an open floor plan perfect for showcasing merchandise or creating a dynamic restaurant layout. High ceilings and exposed brick add character and charm, creating a unique and inviting atmosphere. A built-out storage and office area in the rear provides valuable additional space for operational needs. The building boasts a strong tenant mix, including established businesses like Kunis Sushi, Saint Neri, and Wild Things Jewelry, ensuring a thriving commercial environment. This corner location benefits from high visibility and foot traffic within a bustling neighborhood. Elmwood Village is known for its blend of local and national businesses, including Starbucks, Bank of America, M&T Bank, and Panera Bread, catering to a diverse clientele. Its proximity to Buffalo State College and Delaware Park, a renowned Olmsted-designed park, further enhances its appeal. The area's population consists largely of highly educated young professionals, representing a desirable demographic for retail and restaurant ventures. This property presents a fantastic opportunity to establish or expand a business in one of Upstate New York's most sought-after neighborhoods. The space is available for multiple tenants. The property is classified as Street Retail.

    Property Features for 220 Lexington Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,000 SF
    Rate per SF
    $26

    HighLights

    • 1,000 SF street retail space at 220 Lexington Ave, Buffalo, NY.
    • Open floor plan, high ceilings, exposed brick, and rear storage/office area.
    • Strong tenant mix in building and vibrant Elmwood Village location with high foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Saint Neri Restaurant Lex 220 Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -78.878519036081
    Latitude
    42.913210597925

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    FAQs

    What type of property is this?
    Restaurant - 1000 SF Retail/Office, Prime Location
    Where is this restaurant located?
    The property is located at 220 Lexington Ave Buffalo, NY.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 1,000 SF street retail space at 220 Lexington Ave, Buffalo, NY.; Open floor plan, high ceilings, exposed brick, and rear storage/office area.; Strong tenant mix in building and vibrant Elmwood Village location with high foot traffic.
    Request Owner's contact information
    220 Lexington Ave Buffalo, NY 14222
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    Buffalo, NY 14222
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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
    220 Lexington Ave Buffalo, NY 14222
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