3720 Park Ave Buffalo, NY 14219
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Coppola Michael A DDS / Dental Office
- One Strike Buffalo Isshin Ryu Karate And Kobudo LLC / Sports School
- Amy Richter Orthodontics / Dental Office
- WILLCARE / Home Health Care Service / Nursing Agency
- Inner Light WNY / Alternative Medicine Practice
Property Details for 3720 Park Ave
- Property size
- 9,728 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Office 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8235
- Latitude
- 42.7975
