2036 Park Ave Buffalo, NY 14220
- Investment properties
- 5,992 SF
- 0.43 lot acres
Current Use by Public Records
- KF 90 AUTO / Auto Repair Shop
- BD Bargains Outlet / Liquidator
Property Details for 2036 Park Ave
- Year built
- 1935
- Lot size
- 0.43 lot acres
- Property size
- 5,992 SF
- Zone code
- N-3C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 133.55-2-43
- APU
- 14020013355243
Description
This exceptional 8,534+/- square foot retail storefront in Buffalo, NY, presents a compelling investment opportunity. Located at 2036 South Park Ave, this Class C, multi-tenant property boasts a prime location in South Buffalo, situated between Abbott Road and McKinley Parkway, directly across from the post office and near major expressways (I-90 and I-190). Built in 1970, the building sits on a 0.43-acre lot and is zoned for commercial use. The property features approximately 1,000 to 1,500 square feet of frontage, ideal for retail or office space, and includes additional rear garage space currently leased to a tenant, generating income. Access to a rear parking lot is available via Sheffield. The asking price is $600,000, and the owner is open to selling "as is." This versatile layout is suitable for various retail concepts, offering high visibility and ample parking. The potential for expansion exists, with the possibility of acquiring the neighboring property to control the entire corner. This offering includes multiple tenants and additional retail/land, making it a strong investment in a sought-after retail market. The property is currently available for both sale and lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $135,000
- 6.5%
- $135,000
- 7%
- $140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $125,000
- Mixed-Use
- $135,000
- Hospitality
- $145,000
- Educational
- $110,000
- Residential Income
- $150,000
- Energy
- $115,000
- Income-Based Land
- $120,000
- Food Service
- $110,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8232
- Latitude
- 42.8432
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA