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    OFF-MARKET
    Manufacturing properties

    1516 Military Rd, Buffalo, NY 14217-1224

    11,200 SF 0.82 ac lot Built 1961
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US63-1119663
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1961
    Total area 11,200 SF
    Lot 0.82 ac (35,719 SF)
    Zoning code P-S
    APN 146489 65.12-1-24
    UPID US63-1119663
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SZN Restaurant
    • Kenmore Kitchens Restaurant
    • KQD LLC Restaurant
    • Buffalo Bites Restaurant
    • Scooped Cookie Dough Bar Bakery Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    1516 Military Road Buff LLC · 5 yrs held
    1516 Military Road Buff LLC
    since 2020
    Last sale
    $360,000
    4 recorded transactions
    2021
    2020
    $360,000
    2018
    2013
    Zoning & alternative use
    P-S · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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