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1586 Park Ave Buffalo, NY 14220-1282

OFF-MARKET Investment properties Google Maps
2,954 SF 0.11 ac lot Built 1935
Individually Owned Free & Clear
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US63-5918854

Property summary

AI-generated overview

This exceptional investment opportunity in Buffalo, NY presents a versatile commercial property at 1586 S Park Ave, spanning 4,329 square feet on a 0.11-acre lot. The main level boasts a fully equipped restaurant, currently not in operation but primed for immediate relaunch. The kitchen is complete and ready for use, and two restrooms are conveniently located for customer and staff use. This presents a significant advantage for a new owner, eliminating the substantial costs and time associated with building out a commercial kitchen. The property's potential extends beyond the restaurant space. Upstairs, a spacious four-bedroom apartment offers additional income potential through rental or owner occupancy. Recent upgrades significantly enhance the property's value and operational efficiency. These improvements include a brand-new furnace, hot water tank, complete electrical system overhaul, and a new electrical panel, ensuring reliable and cost-effective operation for years to come. The property's location in Buffalo offers excellent access to local amenities and a strong potential customer base. This is a rare opportunity to acquire a turnkey restaurant and apartment building with significant upside potential. The asking price is $339,900. Don't miss this chance to own a piece of Buffalo's vibrant commercial landscape.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1935
Total area 2,954 SF
Lot 0.11 ac (4,680 SF)
Zoning code N-3E
APN 140200 123.78-5-14
UPID US63-5918854

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Zoning & alternative use

N-3E · Buffalo, NY
Zoning description

3.1.8 N-3E Mixed-Use Edge 3-10 3.1.9 N-3R Residential 3-11 3.1.10 N-4-30 Single-Family 3-12 3.1.11 N-4-50 Single-Family 3-13 3.2 Building T ypes........................................3-14 3.2.1 General 3-14 3.2.2 Attach…

General category MIXED_USE

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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