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    1941 Elmwood Ave Buffalo, NY 14207

    Sponsored
    For Sale
    $895,000

    Prime 2.887-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.887-acre commercial and industrial land parcel, located at 1941 Elmwood Avenue in Buffalo, New York (zip code 14207, APN 78.53-2-5.121), presents a unique investment opportunity. The property is zoned D-S and boasts excellent visibility and accessibility due to its prime location along heavily trafficked Elmwood Avenue, situated between Hertel Avenue and Kenmore Avenue. Its strategic position offers easy access to major transportation arteries, including the Peace Bridge, I-190, and NYS Route 198, ensuring convenient connectivity for businesses and their clientele. The vacant lot is ready for development, presenting a blank canvas for a variety of projects, including multi-tenant retail spaces, office buildings, warehouses, or industrial facilities. This property is being offered for sale by owner for $895,000. The ownership entity is 1238 Group, LLC. The property's proximity to popular retail plazas further enhances its desirability and potential for significant return on investment. This is a rare opportunity to acquire a substantial piece of land in a high-demand location with exceptional development potential.

    Property Features for 1941 Elmwood Ave

    General Information

    Property type
    Land
    Lot Size
    125,758 SF

    HighLights

    • Close proximity to Peace Bridge and I‑190.
    • High visibility and accessibility.
    • Elmwood Avenue frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hyatt's - All Things ... Art Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.87816310841
    Latitude
    42.950370214516

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    FAQs

    What type of property is this?
    Land - Prime 2.887-acre lot, ideal for development.
    Where is this land located?
    The property is located at 1941 Elmwood Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Close proximity to Peace Bridge and I-190.; High visibility and accessibility.; Elmwood Avenue frontage.
    Request Owner's contact information
    1941 Elmwood Ave Buffalo, NY 14207
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    Buffalo, NY 14207
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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
    1941 Elmwood Ave Buffalo, NY 14207
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