3440 Clinton St Buffalo, NY 14224
- Auto shops
- 5,632 SF
- 0.43 lot acres
Current Use by Public Records
- Auto shops
Property Details for 3440 Clinton St
- Year built
- 1924
- Lot size
- 0.43 lot acres
- Property size
- 5,632 SF
- Zone code
- 10
- Property type
- Auto shops
- APN
- 146800 124.20-11-39
- APU
- 146800124201139
Description
This exceptional investment opportunity presents two properties situated on Clinton Street in Buffalo, New York. The package includes a former auto body repair shop at 3440 Clinton Street and a two-family home at 3438 Clinton Street. Currently generating rental income of $790 and $725 per month respectively, this property offers immediate cash flow potential. The combined lot size boasts impressive dimensions, measuring 92 feet of frontage with depths of 358 and 353 feet. This substantial land area presents significant redevelopment potential, making it an attractive option for those seeking to expand the existing units or construct a larger apartment complex. The strategic location, just one block west of Union Road, further enhances its appeal. This property is ideally suited for owner-occupancy or as a development site, offering flexibility and diverse investment possibilities. The properties are classified as Class C multifamily buildings and are located in Erie County, NY, zip code 14224. This is a rare chance to acquire a multi-unit property with both immediate income and substantial long-term growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $340,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $340,000
- Mixed-Use
- $300,000
- Hospitality
- $375,000
- Educational
- $360,000
- Residential Income
- $285,000
- Energy
- $345,000
- Income-Based Land
- $365,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.756
- Latitude
- 42.8561
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
