1088 Niagara St Buffalo, NY 14213
- Investment properties
- 11,055 SF
- 0.67 lot acres
Current Use by Public Records
- Tim Hortons / Bakery / Breakfast Restaurant
Property Details for 1088 Niagara St
- Year built
- 2016
- Lot size
- 0.67 lot acres
- Property size
- 11,055 SF
- Zone code
- N-1S
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 99.41-1-15.1
- APU
- 14020099411151
Description
This 11,000 square foot, two-story Class B building at 1088 Niagara Street in Buffalo, NY, offers a 3,119 square foot retail/office space for lease. Located in the revitalized West Buffalo submarket, this 2018-built property features 26 parking spaces and is situated on a 0.67-acre lot. The space boasts high ceilings, ideal for various uses including retail, medical, or traditional office. The building benefits from recent infrastructure improvements in the Niagara Street corridor, including new bike lanes and sidewalks. A Tim Horton's is already operating within the mixed-use complex. The space is easily divisible to a minimum of 3,119 square feet, with a maximum contiguous space of 3,119 square feet. Building signage is available, and all new building systems and floor plans will be customized to meet tenant needs. The property is zoned N-1S in Erie County and is conveniently located near Albany Street. This is a unique opportunity to lease in a thriving, newly renovated building in a rapidly improving area. The property includes a dedicated free parking area located behind the building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $625,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $475,000
- Retail
- $530,000
- Mixed-Use
- $540,000
- Hospitality
- $565,000
- Educational
- $620,000
- Residential Income
- $545,000
- Energy
- $535,000
- Income-Based Land
- $495,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.9002
- Latitude
- 42.9127
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA