Property profile

389 Connecticut St Buffalo, NY 14213

OFF-MARKET
Retail properties & Spaces
8,158 SF Built 1920
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1920
Total area 8,158 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

389 Connecticut St Buffalo, NY 14213
Buffalo metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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