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    OFF-MARKET
    Lifestyle centers

    1431-1479 Kensington Ave, Buffalo, NY 14215

    53,084 SF
    Property ID
    Property summary
    AI-generated overview

    Cleve-Hill Plaza, located at 1431-1479 Kensington Avenue in Buffalo, NY (zip code 14215), presents a unique investment opportunity. This 53,084 square foot retail shopping center sits on a 3.4-acre lot and offers significant redevelopment potential. Currently, there are 34,000 square feet of vacant space available, divisible into units ranging from a minimum of 9,400 square feet to a maximum contiguous space of 24,600 square feet. The property boasts ample parking with 175 spaces, ensuring convenient access for customers. Situated in Erie County, this multi-tenant property is ideally positioned for a variety of retail uses. The existing structure provides a solid foundation for a revitalization project, allowing for the creation of a modern and thriving retail destination. This prime location offers high visibility and accessibility, making it an attractive proposition for businesses seeking to establish or expand their presence in the Buffalo market. The substantial vacant space presents a blank canvas for creative redevelopment, allowing for customization to suit specific tenant needs. This is an exceptional opportunity to acquire a significant retail asset in a growing area.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 53,084 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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