98 Rhode Island St Buffalo, NY 14213
- Warehouses
- 7,900 SF
- 0.21 lot acres
Current Use by Public Records
- Warehouses
Property Details for 98 Rhode Island St
- Year built
- 1925
- Lot size
- 0.21 lot acres
- Property size
- 7,900 SF
- Zone code
- N-2R
- Property type
- Warehouses
- APN
- 140200 99.58-6-20
- APU
- 1402009958620
Description
This exceptional 9,200-square-foot industrial flex space presents a unique owner-user opportunity in Buffalo, NY. Located at 98 Rhode Island Street, this single-story, 1920-built building boasts a blend of warehouse and office space, ideal for a variety of businesses. The property includes 2,000 square feet of renovated office space, featuring modern upgrades such as a new HVAC system, a newly renovated bathroom, and a brand-new roof. Energy-efficient LED lighting is installed throughout. The warehouse area, encompassing 7,200 square feet, is heated and equipped with one at-grade overhead door for convenient loading and unloading of goods. Its strategic location in Buffalo's Lower West Side offers unparalleled access to major transportation arteries. Just minutes from the I-190 on/off ramps and the Peace Bridge, this property provides seamless connectivity to regional and international transportation networks. The asking price for this turnkey industrial property is $449,000. This represents a compelling investment opportunity for businesses seeking a well-maintained, strategically located facility with modern amenities. The property's combination of renovated office space and functional warehouse space makes it suitable for a wide range of uses, offering significant potential for growth and profitability. Don't miss this chance to acquire a prime industrial asset in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $175,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $185,000
- Mixed-Use
- $200,000
- Hospitality
- $150,000
- Educational
- $205,000
- Residential Income
- $155,000
- Energy
- $210,000
- Income-Based Land
- $190,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8962
- Latitude
- 42.9065
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA