Property profile

1060 Englewood Ave Buffalo, NY 14223

FOR SALE
Investment properties
Property ID
US63-0443947
4,128 SF 0.18 ac lot Built 1920
Individually Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 4,128 square foot commercial property at 1060 Englewood Avenue in Buffalo, NY, presents a unique investment opportunity. Situated on a 0.18-acre lot, the building offers a blend of occupied and vacant space. A long-term tenant currently occupies 960 square feet, generating rental income to help offset expenses. The remaining 3,168 square feet of vacant space is ready for immediate occupancy and boasts high ceilings, a prominent display window, a separate office, and an ADA-compliant bathroom. Both the occupied and vacant spaces have separate full basements and individual utility meters. The property benefits from recent upgrades, including a roof drainage system approximately six years old and a complete electrical update in 2021 for both units. A convenient side driveway leads to a grassy area at the rear of the building, offering potential for additional parking with gravel installation. The property enjoys high traffic counts and excellent walkability, making it an ideal location for a variety of commercial uses. Priced at $325,000, this property offers a compelling combination of income generation and development potential.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1920
Total area 4,128 SF
Lot 0.18 ac (7,625 SF)
Zoning code TND
APN 146489 66.57-2-31
UPID US63-0443947

Cap rate & NOI

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

Location

1060 Englewood Ave Buffalo, NY 14223
Buffalo metro Census 8102 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2005
1 recorded transaction
2005
$47,500

Zoning & alternative use

TND · Buffalo, NY

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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