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    346 Hopkins St Buffalo, NY 14220

    Sponsored
    For Sale
    $399,000

    1,316 SF Auto Shop/Storefront, $399K

    Property size:
    1,316 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 1,316 square foot retail building in Buffalo, NY, presents a fantastic investment opportunity. Located on a 0.32-acre lot at the corner of Hopkins and Tiff Streets, it boasts excellent visibility due to traffic light exposure and multiple curb cuts. The single-story, 1964-built structure underwent renovations in 2024 and features two overhead drive-in doors, ideal for various businesses. Inside, you'll find small offices, storage space, and a bathroom. The property includes ample parking, with additional space behind and beside the building. The concrete flooring has floor drains, and the roof is well-maintained. Environmental reports confirm sealed underground tanks and clean results (available upon request). This C-class property is zoned commercial and offers easy access to major highways (I-90 & I-190), placing it within reach of significant southern Buffalo markets including Lackawanna, West Seneca, Hamburg, Orchard Park, and Cheektowaga. Proximity to Downtown Buffalo, Tesla Gigafactory, Mercy Hospital, Seneca Casino, Key Bank Center, Buffalo Harbor, Buffalo Riverworks, and the Buffalo Botanical Gardens adds further appeal. Information regarding future Outer Harbor development plans is also available.

    Property Features for 346 Hopkins St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,316 SF
    Class
    C
    Lot Size
    13,939 SF

    Building Details

    Year Built/Renovated
    1964/2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑visibility corner lot.
    • Signalized intersection access.
    • Sealed underground storage tanks.
    • Clean environmental site assessment.
    • Located within the Outer Harbor Development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -78.832798372547
    Latitude
    42.847070608625

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    FAQs

    What type of property is this?
    Individual retail property - 1,316 SF Auto Shop/Storefront, $399K
    Where is this individual retail property located?
    The property is located at 346 Hopkins St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: High-visibility corner lot.; Signalized intersection access.; Sealed underground storage tanks.
    Request Owner's contact information
    346 Hopkins St Buffalo, NY 14220
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    Buffalo, NY 14220
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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
    346 Hopkins St Buffalo, NY 14220
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