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    524 Hinman Ave Buffalo, NY 14216

    Sponsored
    For Sale
    $495,000

    Buffalo, NY - Prime Location, Vacant

    Property size:
    1,644 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,644+/- square foot vacant gas station and former autobody shop presents a compelling investment opportunity in Buffalo, NY. Located on a high-traffic intersection at Hinman Ave and Military Rd, the property boasts excellent visibility across from established businesses like Froth Brewing and Wingnutz. The 0.36-acre lot (160' x 98') includes a 12,000-gallon double-walled steel fuel tank with double-walled piping, two newer dispensers with four fueling stations under one canopy, and a street-facing pole sign. Three above-ground tanks store used oil. A point-of-sale system and security system are already in place. The existing building offers ample space for conversion into a convenience store, with the potential to leverage the existing infrastructure. All equipment is available for an additional price. The seller is open to financing options with a substantial down payment, and a favorable 10-year product supply agreement is in place. The property is sold as-is. This location benefits from strong residential development and high daytime/nighttime activity, with proximity to major roadways (I-90 and Route 33) and numerous retail establishments including Tops, Aldi, Home Depot, and more. The property is zoned commercial.

    Property Features for 524 Hinman Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    1,644 SF
    Class
    C
    Lot Size
    15,682 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 1,644+/- SF building on a 0.36‑acre lot (160' x 98').
    • 12,000‑gallon double‑walled steel fuel tank with double‑walled piping.
    • Two dispensers with four fueling stations under one canopy.
    • Property sold as‑is.
    Property Profile Location Intelligence

    Current Use by Public Records

    David P Jensen ... Gas Station Go Gas Outlet Gas Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.889666144331
    Latitude
    42.956287786278

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    FAQs

    What type of property is this?
    Automotive property - Buffalo, NY - Prime Location, Vacant
    Where is this automotive property located?
    The property is located at 524 Hinman Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 1,644+/- SF building on a 0.36-acre lot (160' x 98').; 12,000-gallon double-walled steel fuel tank with double-walled piping.; Two dispensers with four fueling stations under one canopy.
    Request Owner's contact information
    524 Hinman Ave Buffalo, NY 14216
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    Buffalo, NY 14216
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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
    524 Hinman Ave Buffalo, NY 14216
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