Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    758 Elmwood Ave Buffalo, NY 14222

    Sponsored
    For Sale
    $1,710,000

    Prime Buffalo location, high NOI.

    Property size:
    11,437 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 758 Elmwood Avenue in Buffalo, New York's desirable Elmwood Village, presents a rare investment opportunity. The 11,437 square foot building boasts a Class A designation and comprises two buildings with three stories, encompassing five units. The property features three attractive retail spaces arranged around a charming courtyard, complemented by two updated residential units overlooking Elmwood Avenue. Each residential unit is equipped with modern conveniences including in-unit washer/dryers, dishwashers, and air conditioning. Six dedicated parking spaces cater to both residential and retail tenants, adding significant value. The property sits on a 15,246 square foot lot, zoned N-2C, and currently enjoys an 80% occupancy rate, generating a pro-forma NOI of $127,747 and a 7.47% pro-forma cap rate. The asking price is $1,710,000, translating to $149.51 per square foot. This unique blend of commercial and residential spaces makes it ideal for owner-users or investors seeking a high-performing asset in a thriving neighborhood. The property's prime location within a densely populated retail corridor ensures strong tenant demand and long-term growth potential.

    Property Features for 758 Elmwood Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,437 SF
    Class
    A

    Building Details

    Buildings
    2
    Stories
    3
    Units
    5

    HighLights

    • $1,710,000 Asking Price
    • Mixed‑use property with Fitness, Multifamily, and Retail components
    • Class A building with 11,437 square feet, offering a price per square foot of $149.51
    • 7.47% Pro‑Forma Cap Rate and $127,747 Pro‑Forma NOI with 80% Occupancy
    • Five units across two buildings, three stories high, situated on a 15,246 square foot lot in Buffalo, NY.
    • N‑2C zoning, six dedicated parking spaces, and broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power Yoga Buffalo Yoga Studio A Step Ahead Opioid ... Women'S Clothing Store

    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
    -78.8773753
    Latitude
    42.9177437

    Nearby Similar for Sale

    • $395,000
      Pending

      Remodeled Multi-Family Investment Property

      Completely remodeled multi-family home near downtown Buffalo.
      9 West Ave, Buffalo, NY 14201
      View Details
    • $995,000
      19,445 SF

      Mixed-Use Property in Central Buffalo

      20,000 SF mixed-use property with warehouse and apartments.
      250 Grant St, Buffalo, NY 14213
      View Details
    • $249,900
      Pending

      Well-Maintained Two-Family Home

      Spacious two-family home in Maryvale School District, updated in 2009.
      3340 Genesee St, Buffalo, NY 14225
      View Details
    • $169,900
      2,156 SF

      Two-Family Home in Buffalo, NY

      Completely overhauled two-family house with potential for added rental income.
      171 Landon St, Buffalo, NY 14208
      View Details
    • New
      $499,900
      3,095 SF

      Spacious North Buffalo Double

      Commanding North Buffalo double with modern updates and classic charm.
      407 Huntington Ave, Buffalo, NY 14214
      View Details
    • New
      $250,000
      Pending

      Updated Multi-Family Property in Buffalo

      Well-maintained multi-family property in Buffalo's revitalizing First Ward.
      264 Miami St, Buffalo, NY 14204
      View Details
    • $1,850,000
      18,990 SF

      Elmwood Avenue Multifamily Investment Property

      14-unit apartment complex in Kenmore, updated with off-street parking.
      2473 Elmwood Ave, Buffalo, NY 14217
      View Details
    • $349,900
      Pending

      Renovated Two-Family Home in Buffalo

      Updated two-unit property near Hertel Avenue's amenities.
      301 Crestwood Ave, Buffalo, NY 14216
      View Details
    • $189,900
      Pending

      Spacious Updated Two-Family Home

      Updated two-family home with over 2,500 sq ft of living space.
      20 Rejtan St, Buffalo, NY 14206
      View Details
    • $324,900
      Pending

      All-Brick Two-Unit Multifamily Property

      Solid, updated two-unit property, ideal for investors or owner-occupants.
      96 Jasmine Ave, Buffalo, NY 14224
      View Details
    • $999,900
      16,438 SF

      Historic Church with Multifaceted Potential

      Versatile church property with medical suite and residential units.
      360 Genesee St, Buffalo, NY 14204
      View Details
    • New
      $224,900
      1,960 SF

      Renovated Duplex in Buffalo

      Turnkey duplex with modern updates, ideal for investors or owner-occupants.
      411 Cambridge Ave, Buffalo, NY 14215
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Buffalo location, high NOI.
    Where is this multifamily property located?
    The property is located at 758 Elmwood Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $1,710,000.
    What are key features of this property?
    This property features: $1,710,000 Asking Price; Mixed-use property with Fitness, Multifamily, and Retail components; Class A building with 11,437 square feet, offering a price per square foot of $149.51
    Request Owner's contact information
    758 Elmwood Ave Buffalo, NY 14222
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    758 Elmwood Ave
    Buffalo, NY 14222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    758 Elmwood Ave Buffalo, NY 14222
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.