2207-2235 Niagara St Buffalo, NY 14207
- Lifestyle centers
- 39,336 SF
- 3.05 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2207-2235 Niagara St
- Year built
- 1986
- Lot size
- 3.05 lot acres
- Property size
- 39,336 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 39,336 square foot shopping center in Buffalo, NY, presents a compelling investment opportunity. Comprising three single-story buildings on a 3.05-acre lot, the property features eight retail units with 70.1% occupancy. Built in 1986, the center benefits from a strong location with easy access to NYS 190 (63,628 AADT) and the Scajaquada Expressway (Rt 198) (28,813 AADT), and a traffic signal at Niagara and Ontario Streets. Two credit tenants occupy 56.1% of the space, supplemented by a Tim Horton's ground lease. The current occupancy allows for significant upside potential through leasing the remaining vacant units, with projections indicating a stabilized cap rate of approximately 9.5%. The robust market, boasting 95.1% occupancy, further supports this promising investment. This multi-tenant retail property offers a compelling combination of established tenancy, strategic location, and substantial growth potential. The asking price is $2,700,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.907
- Latitude
- 42.945
