3720 Park Ave Buffalo, NY 14219
- Retail properties
- 9,728 SF
Current Use by Public Records
- Coppola Michael A DDS / Dentist
- One Strike Buffalo Isshin Ryu Karate And Kobudo LLC / Karate School
- Amy Richter Orthodontics / Orthodontist
- WILLCARE / Home Health Care Service / Nursing Agency
- Inner Light WNY / Metaphysical Supply Store / Party Planner
Property Details for 3720 Park Ave
- Property size
- 9,728 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity encompasses two prime commercial properties in Buffalo, NY, totaling 9,728 square feet. The main building, 3720 South Park Ave, features five commercial units, four currently leased, and one vacant unit with a previous rental history of $1,200/month, offering potential for increased rent or owner occupancy. An adjacent single-tenant building at 4220 Lake Ave is also included, currently under lease. Strategically located at a high-traffic corner in Blasdell/Hamburg, this property benefits from approximately 27,000 cars passing daily, ensuring high visibility. Both buildings are meticulously maintained, boasting recent updates and providing 24 parking spaces, along with a digital billboard for added advertising potential. The property is classified as Class B, with a gross lease type and 90% occupancy. The asking price is $1,050,000, representing a compelling 7.5% cap rate. Detailed financial statements, including income and expense reports, are available upon request. This multi-unit complex presents a fantastic investment opportunity with significant upside potential. The property is suitable for a variety of uses, including creative office, executive office, and medical office spaces.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8235
- Latitude
- 42.7975
