2284 Genesee StBuffalo, NY 14211

Property Details for 2284 Genesee St

Year built

1940

Lot size

0.37 AC

Property size (Sq ft)

1,612 SF

Zone code

N-3C

Property type

Retail properties

Property subtype

Auto shops

APN

140200 101.27-5-4

APU

1402001012754

Description

This exceptional 1,612 square foot auto body shop, located at 2284 Genesee Street in Buffalo, New York, presents a unique investment opportunity. Built in 1875, this single-story building boasts a single tenant occupancy and features three repair bays, a well-appointed office space, a reception area, and a bathroom. The property includes five parking spaces within a fully fenced lot. All systems are operational, including the heating system and three hydraulic bays, ensuring a smooth transition for the new owner. The property is situated in Erie County, NY, with convenient access to major roadways. The landlord prefers a lease term of five years or less, with a six-month security deposit. This established location on Genesee Street offers significant potential for continued success in the auto repair industry. The property's address is 2284 Genesee St, Buffalo, NY 14211. This is a rare opportunity to acquire a well-maintained and established auto body shop in a desirable location. The property's single-tenant occupancy provides stability and ease of management. The fully fenced lot provides security and ample space for customer parking. This property is ideal for an established auto repair business seeking to expand or a new business looking for a turnkey operation.

• CAP approach

  CAP return

  Valuation

  6%

  $429,858

  6.5%

  $396,792

  7%

  $368,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $388,634

  Geo Method

  $255,556

• Alternative Use

  Use

  Valuation

  Residential

  $334,709

  Hospitality

  $306,592

  Educational

  $255,081

  Medical

  $263,853

  Retail

  $396,792

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9187

Longitude

-78.7994

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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