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    1219 Elmwood Ave Buffalo, NY 14222

    Sponsored
    For Sale
    $585,000

    Prime Buffalo location, 5,158 sq ft.

    Property size:
    5,158 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,158 square foot mixed-use building, situated at 1219 Elmwood Avenue in Buffalo, NY, presents a unique investment opportunity. Originally constructed in 1940 with an addition in the 1970s, this two-story structure boasts a finished basement exceeding 3,400 square feet, totaling almost 5,200 square feet of usable space. Currently configured as a religious facility with offices, the property offers significant potential for adaptive reuse, including residential conversion (single-family or multi-family). Its prime location across from the Albright-Knox Art Gallery, Buffalo State University, and the Richardson Hotel ensures high visibility and accessibility. The building is in excellent condition, featuring a well-maintained roof and mechanical systems, including two boilers. Three bathrooms, one full, are conveniently located throughout. Designated on-street parking is available, adding to the property's appeal. The property sits on a 0.13-acre lot (APN: 140200-089-130-0002-031-000) and is fully sprinklered, enhancing safety and security. This is a rare opportunity to acquire a well-maintained building in a highly desirable location with significant upside potential. The asking price is $585,000.

    Property Features for 1219 Elmwood Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    5,158 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1940/1970
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent condition building in a prime location.
    • Located at the end of Penhurst (one‑way street).
    • Across from Albright‑Knox Art Gallery, Buffalo State University, and the Richardson Hotel.
    • Approx. 5,200 SF building with a finished basement exceeding 3,400 SF.
    • Currently used as a religious facility with offices.
    • Potential for single‑family or multi‑family residential conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Newman Center Religious Organization

    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
    -78.8767156
    Latitude
    42.9305843

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    FAQs

    What type of property is this?
    Specialty property - Prime Buffalo location, 5,158 sq ft.
    Where is this specialty property located?
    The property is located at 1219 Elmwood Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: Excellent condition building in a prime location.; Located at the end of Penhurst (one-way street).; Across from Albright-Knox Art Gallery, Buffalo State University, and the Richardson Hotel.
    Request Owner's contact information
    1219 Elmwood Ave Buffalo, NY 14222
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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
    1219 Elmwood Ave Buffalo, NY 14222
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