Property profile

1840 Military Rd Buffalo, NY 14217

OFF-MARKET
Bowling alleys
Property ID
US63-3581866
34,917 SF 3.22 ac lot Built 1961
Entity Owned 6-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Kenmore, NY commercial property, located at 1840 Military Rd, presents a unique investment opportunity. The 34,917 square foot building, constructed in 1961, sits on a 2.98-acre lot and boasts a single story design. Currently housing a thriving business, Classic Lanes, this turnkey operation offers immediate revenue generation with a projected Net Operating Income (NOI) of $325,000 for 2024. The sale includes the established business, complete with 36 synthetic bowling lanes (installed approximately 2022), Brunswick A-2 pinsetters, a full kitchen and bar, lounge area, café, and updated kitchen equipment (including new freezers, ice maker, and grill). Additional features include a large divisible event room, a dedicated birthday party room, and ample on-site parking. This prime location on Military Rd ensures high visibility and consistent foot traffic, while the adaptable interior space allows for diverse business applications. The property's substantial size and Kenmore's ongoing development promise significant long-term growth potential. Detailed financials are available upon request with a signed Non-Disclosure Agreement (NDA).

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1961
Total area 34,917 SF
Lot 3.22 ac (140,263 SF)
Zoning code P-S
APN 146489 52.84-2-3
UPID US63-3581866

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • (Bike/Boat/Book/etc) Store Bowling Alley
  • Bowling Alley

Location

1840 Military Rd Buffalo, NY 14217-1020
Buffalo metro Census 8300 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$905k
CAP Approach CAP
by Request
Comparable Approach Comparable
$705k
Blend (final) Blend
$875k

Owner & transaction history

since 2020
Last sale
$950,000
3 recorded transactions
2020
$950,000
2008
$400,000
2004
Price N/A

Zoning & alternative use

P-S · Buffalo, NY

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1840 Military Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message