4490 Lake AveBuffalo, NY 14219

Property Details for 4490 Lake Ave

Year built

1986

Lot size

0.80 AC

Property size (Sq ft)

2,500 SF

Zone code

C2

Property type

Retail properties

Property subtype

Gas stations

APN

144889 151.15-9-1

APU

1448891511591

Description

This exceptional turn-key retail investment opportunity in Buffalo, NY, presents a unique blend of established businesses under one roof. Located at 4490 Lake Ave, this 5,700 square foot property sits on a 0.8-acre lot and boasts a thriving gas station with eight pumps, a fully operational convenience store, and a well-established auto repair shop. The property also includes an operating car wash, adding further diversification to its income streams. Financial details are available upon request with a non-disclosure agreement. The asking price is $1,400,000, translating to $245.61 per square foot. The seller is open to a sale-leaseback arrangement for the auto repair portion of the business, offering flexibility for potential buyers. This property represents a strong cash-flowing investment with significant upside potential, ideal for an owner-operator seeking a diverse and established business portfolio. The property is located in Erie County, NY, zip code 14219. This is a rare opportunity to acquire a multi-faceted business in a high-traffic location. The property's diverse revenue streams provide a strong foundation for future growth and profitability. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $666,660

  6.5%

  $615,378

  7%

  $571,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,723

  Geo Method

  $396,333

• Alternative Use

  Use

  Valuation

  Residential

  $519,095

  Hospitality

  $475,488

  Educational

  $395,600

  Medical

  $409,206

  Retail

  $615,378

Location Insight

City

Blasdell

County

Erie

State

New York

Latitude

42.7972

Longitude

-78.8115

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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