1456 Hertel Ave Buffalo, NY 14216
- Investment properties
- 2,842 SF
- 0.08 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1456 Hertel Ave
- Year built
- 1951
- Lot size
- 0.08 lot acres
- Property size
- 2,842 SF
- Zone code
- N-3C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 78.66-1-27
- APU
- 1402007866127
Description
This exceptional 3,898 square foot commercial property, situated on a 0.08-acre lot at 1456 Hertel Avenue in Buffalo, NY, presents a remarkable opportunity for a savvy investor. Currently configured as a bar/restaurant with a spacious three-bedroom residential unit upstairs, this versatile space offers immense potential for a variety of businesses. The ground floor boasts ample seating for over 50 patrons, complemented by a 11x27 foot covered patio accessible via three panel glass retracting doors – ideal for outdoor dining or customer interaction. The high-traffic location on bustling Hertel Avenue in the North Buffalo district ensures a built-in customer base, with numerous nearby retail establishments and significant daily pedestrian and vehicular traffic. The property benefits from the support and events organized by the Hertel Business Association, fostering a thriving small business environment. The upper-level residential unit adds further value and flexibility. This property is priced at $499,900 and offers a unique blend of commercial and residential space, making it an attractive investment in a vibrant and growing neighborhood. The adaptable layout allows for customization to suit a wide range of business needs, capitalizing on the strong local economy and the area's supportive business community. The combination of high visibility, convenient location, and existing infrastructure makes this a truly exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $240,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $225,000
- Mixed-Use
- $280,000
- Hospitality
- $240,000
- Educational
- $275,000
- Residential Income
- $245,000
- Energy
- $240,000
- Income-Based Land
- $240,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8541
- Latitude
- 42.948
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA