3720 Park AveBuffalo, NY 14219

For Sale
$1,050,000

High-yield investment, 9,728 SF, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity encompasses two prime commercial properties in Buffalo, NY, totaling 9,728 square feet. The main building, 3720 South Park Ave, features five commercial units, four currently leased, and one vacant unit with a previous rental history of $1,200/month, offering potential for increased rent or owner occupancy. An adjacent single-tenant building at 4220 Lake Ave is also included, currently under lease. Strategically located at a high-traffic corner in Blasdell/Hamburg, this property benefits from approximately 27,000 cars passing daily, ensuring high visibility. Both buildings are meticulously maintained, boasting recent updates and providing 24 parking spaces, along with a digital billboard for added advertising potential. The property is classified as Class B, with a gross lease type and 90% occupancy. The asking price is $1,050,000, representing a compelling 7.5% cap rate. Detailed financial statements, including income and expense reports, are available upon request. This multi-unit complex presents a fantastic investment opportunity with significant upside potential. The property is suitable for a variety of uses, including creative office, executive office, and medical office spaces.

Highlights

  • $1,050,000 asking price.
  • 9,728 square foot Class B multi-tenant office and retail building.
  • 7.50% cap rate with 90% occupancy.
  • Gross lease type.
  • Six units, four currently leased, one vacant (previously $1,200/month).
  • Includes two properties: 3720 South Park Ave (five units) and 4220 Lake Ave (single tenant).

Property Details for 3720 Park Ave

Property type
Other retail properties, Other office properties
Square Feet
9,728 SF
Class
B
Units
6

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.7974628
Longitude
-78.8235316
3720 Park Ave, Buffalo, New York
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3720 Park Ave
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