Property profile

1001 Fry St Buffalo, NY 14211

OFF-MARKET
Auto shops
Property ID
US63-1319600
10,453 SF 0.3 ac lot Built 1900
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 12,028 square foot warehouse, situated on a 0.29-acre lot at 1001 E Ferry St in Buffalo, NY, presents a compelling investment opportunity. Previously used as an automotive repair shop, the property offers versatile open space suitable for a variety of commercial uses. Potential tenants could include retail businesses, office spaces, storage facilities, or light manufacturing operations. The expansive layout provides considerable flexibility for adaptive reuse, catering to diverse business needs. Its strategic location offers convenient access to downtown Buffalo and its numerous amenities, ensuring high visibility and accessibility for potential clients or customers. Priced affordably at $85,000, this property represents a significant value proposition for investors seeking a high-return asset with substantial redevelopment potential. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving urban area. The open floor plan allows for customization to meet specific operational requirements, making it an adaptable space for a wide range of commercial ventures. This is a rare chance to acquire a well-positioned commercial property at a competitive price point in a rapidly developing area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1900
Total area 10,453 SF
Lot 0.3 ac (12,852 SF)
Zoning code N-3E
APN 140200 101.38-3-2
UPID US63-1319600

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1001 Fry St Buffalo, NY 14211-1409
Buffalo metro Census 3501 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2023
Last sale
$70,000
4 recorded transactions
2023
$70,000
2020
Price N/A
2019
$27,000
2016
Price N/A

Zoning & alternative use

N-3E · Buffalo, NY
Zoning description

3.1.8 N-3E Mixed-Use Edge 3-10 3.1.9 N-3R Residential 3-11 3.1.10 N-4-30 Single-Family 3-12 3.1.11 N-4-50 Single-Family 3-13 3.2 Building T ypes........................................3-14 3.2.1 General 3-14 3.2.2 Attach…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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