Property profile

2188 Kensington Ave Buffalo, NY 14226

OFF-MARKET
Turn key restaurants
Property ID
US63-0099519
2,120 SF 0.18 ac lot Built 1958
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,580-square-foot executive office space is located at 2188 Kensington Ave in Amherst, NY, Erie County, zip code 14226. The property is a Class B building offering a single-tenant occupancy. The building boasts an all-brick exterior with excellent curb appeal, making it highly visible. The interior features an open floor plan, ideal for various office configurations. Ample parking is provided with eight dedicated spaces, supplemented by additional overflow parking options nearby. The convenient location offers easy access to major thoroughfares, including Harlem Road, and is situated near a variety of retail establishments such as Tops Friendly Markets, CVS, Rite Aid, Walgreens, Bank of America, and McDonald's. The surrounding area features high-end residential properties, with a strong population density (126,000 within a 3-mile radius and 260,000 within a 10-minute drive), boasting average median home values exceeding $167,000 and household incomes above $97,000. This prime location, combined with the building's attractive features, presents a unique opportunity for businesses seeking a well-appointed and easily accessible office space in a thriving community. The property is currently vacant.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 2,120 SF
Lot 0.18 ac (7,722 SF)
APN 142289 80.14-1-24
UPID US63-0099519

Cap rate & NOI

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

Location

2188 Kensington Ave Buffalo, NY 14226-4809
Buffalo metro Census 9503 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2016
2 recorded transactions
2016
$170,000
2004
$115,000

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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