Property profile

3720 Park Ave Buffalo, NY 14219

OFF-MARKET
Retail properties & Spaces
9,728 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 9,728 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
  • Dental Office
  • Sports School
  • Dental Office
  • Home Health Care Service Nursing Agency
  • Alternative Medicine Practice

Location

3720 Park Ave Buffalo, NY 14219
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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