1202 Lovejoy St Buffalo, NY 14206-1216
- Investment properties
- 4,032 SF
- 0.10 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1202 Lovejoy St
- Year built
- 1950
- Lot size
- 0.10 lot acres
- Property size
- 4,032 SF
- Zone code
- N-3C
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 140200 112.42-5-29
- APU
- 14020011242529
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $270,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $255,000
- Mixed-Use
- $280,000
- Hospitality
- $305,000
- Educational
- $275,000
- Residential Income
- $245,000
- Energy
- $255,000
- Income-Based Land
- $290,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8039
- Latitude
- 42.89
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
