1586 Park Ave Buffalo, NY 14220-1282
Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
N-3E · Buffalo, NY3.1.8 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for N-3E in Buffalo, NY.
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