Property profile

577 Forest Ave Buffalo, NY 14222

OFF-MARKET
Retail properties & Spaces
2,000 SF
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Property summary

AI-generated overview

This exceptional 2,000 square foot retail space is ideally situated in Buffalo's vibrant Elmwood Village, at 577 Forest Avenue. Recently renovated, this former pizzeria offers a blank canvas for a variety of businesses. Its prime location directly across from Buffalo State College and the historic Hotel Henry ensures high visibility and foot traffic. The Elmwood Village is renowned for its charming atmosphere, tree-lined streets, and proximity to numerous shops, restaurants, and amenities. The property's convenient layout makes it easily accessible to customers and residents alike. A significant advantage is the inclusion of a spacious basement area, perfect for storage. Furthermore, convenient parking is readily available in the adjacent lot, eliminating parking hassles for both customers and employees. The asking rent is $24 per square foot. This property presents a unique opportunity to establish a thriving business in a highly desirable and established neighborhood within Erie County, New York, zip code 14222. The building is a multi-tenant property.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,000 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Parking Lot & Garage

Location

577 Forest Ave Buffalo, NY 14222
Buffalo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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