389 Connecticut St, Buffalo, NY 14213
This exceptional retail property in Buffalo, NY, offers two street-level units totaling 8,158+/- square feet, situated in a vibrant, up-and-coming area of the historic West Side, near downtown and the Elmwood Village. The larger unit (950+/- sq ft) is ideal for a restaurant, coffee shop, or similar establishment, featuring a private 25'x50' rear lot perfect for outdoor seating and a basement for storage. This unit is offered at a gross rent of $2,000. The smaller unit (300+/- sq ft) is well-suited for a salon, barber shop, or similar business and is available for a gross rent of $1,000. Both units could be combined. The building, constructed in 1920 and renovated in 2015, is a two-story structure with commercial zoning in Erie County (14213 zip code). Located on Connecticut Street, this property benefits from high foot traffic and excellent visibility, situated along a bus route. The property's location within a densely populated area and proximity to major developments presents a significant opportunity for businesses seeking high visibility and affordable rent in a rapidly growing neighborhood. The building's features include ample street-level space, and the larger unit's outdoor space and basement storage add significant value. This is a rare opportunity for a startup or established business seeking a prime location in Buffalo.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.