1202 Lovejoy St Buffalo, NY 14206-1216
This exceptional mixed-use property, located at 1202 E Lovejoy Street in Buffalo, New York, presents a compelling investment opportunity. The building boasts a substantial 4,032 square feet of space, offering significant potential for a variety of commercial and residential uses. Situated on a 0.1-acre lot, the property includes a convenient garage, adding to its overall appeal and functionality. The strategic location within a residential neighborhood provides excellent access to a strong local customer base. This presents a unique chance to capitalize on the growing demand for mixed-use properties in this vibrant area of Buffalo. The asking price is $275,000, reflecting the property's significant value and potential for future growth. The property's size and features make it suitable for a range of business ventures, from retail spaces to professional offices, potentially combined with residential units. The inclusion of a garage adds further value, providing ample parking or storage space. This is an ideal opportunity for an investor seeking a strong return on investment in a thriving Buffalo neighborhood. The property's versatility and prime location make it a truly exceptional offering in the Buffalo real estate market. Serious inquiries are encouraged to explore the full potential of this remarkable mixed-use property. Further details are available upon request.
as applied in the N-3C zone. J. Elmwood Village Standards. 1. The Elmwood Village is defined as the area north of North Street, south of Forest Avenue, east of Richmond Avenue, and west of Delaware Avenue, but not including any parcel that abuts Delaware Avenue or Gates Circle. 2. The following standards apply to all principal buildings in the Elmwood Villag…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
N-3C · Buffalo, NYas applied in the N-3C zone. J. Elmwood Village Standards. 1. The Elmwood Village is defined as the area north of North Street, south of Forest Avenue, east of Richmond Avenue, and west of Delaware Avenue, but not including any parcel that abuts Delaware Avenue or Gates Circle. 2. The following standards apply to all principal buildings in the Elmwood Village that are designed to accommodate one or more commercial establishments: a. A commercial establishment may have a gross floor area of no more than 3,500 square feet on the ground story and 7,000 square feet overall. b. At least one main entrance must be provided for each 30 feet of front facade width along any ground story space designed to accommodate a commercial establishment. 3. No more than two lots in the Elmwood Village, existing at the time of the adoption of this Ordinance, may be combined for the purposes of new construction in an N-2C or
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
