1516 Military Rd, Buffalo, NY 14217-1224
This exceptional Class A industrial property, located at 1516 Military Rd in Buffalo, NY, presents a unique investment opportunity. The 11,200 square foot building, completely renovated in 2022, boasts 27 individual units ideally suited for a ghost kitchen operation. Each unit offers approximately 415 square feet of space, priced at $107,407.41. The property sits on a 0.82-acre lot and features a 14-foot ceiling height, providing ample space and functionality. Its strategic location offers excellent regional access, proximate to I-190 and I-290 interstates, ensuring convenient transportation and logistics. The building is zoned MU-I, allowing for a variety of permitted uses. The asking price is $2,900,000, translating to a price per square foot of $258.93. This single-story building represents a strong investment opportunity in a thriving market, with the potential for significant returns. The corporate ownership structure offers a streamlined and efficient ownership experience. This is a turnkey operation ready for immediate occupancy and income generation. Don't miss this chance to acquire a high-performing asset in a prime location.
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SZN Restaurant
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Kenmore Kitchens Restaurant
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KQD LLC Restaurant
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Buffalo Bites Restaurant
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Scooped Cookie Dough Bar Bakery Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
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
P-S · Buffalo, NYBuffalo. Always verify with local authorities before improvements.
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.