Property profile

25 Rano St Buffalo, NY 14207

FOR SALE
Industrial land
Property ID
US63-2887120
194,255 SF 7.18 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8.07-acre commercial/industrial land parcel in Buffalo, NY, presents a rare opportunity for development. Located at 25 Rano Street, this centrally located site boasts relatively flat contours, making it ideal for a variety of uses. The property benefits from its strategic corner location at the intersection of Rano and Tonawanda Streets, offering convenient access to the entire Western New York region. Employees will appreciate the easy commute, with close proximity to the NYS Thruway and 198 Expressway. The site's location also provides employees and visitors with numerous nearby restaurants and shopping options. Furthermore, its proximity to the Peace Bridge facilitates easy access to the US/Canadian border. This property is already enrolled in the Brownfield Tax Cleanup Program, and a Brownfield Cleanup Agreement is in place with the NYSDEC, streamlining the development process. The site is well-suited for a wide range of industrial applications, including light industrial use, corporate or manufacturing headquarters, production facilities, transportation/trucking operations, building supply companies, heavy equipment operations, and distribution centers. Don't miss this chance to acquire a highly desirable, centrally located industrial site in a thriving area.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1950
Total area 194,255 SF
Lot 7.18 ac (312,760 SF)
Zoning code D-IL
APN 140200 77.73-5-1
UPID US63-2887120

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
  • Factory Metal Fabrication Plant

Location

25 Rano St Buffalo, NY 14207
Buffalo metro Census 5700 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.12M

Owner & transaction history

since 2022
Last sale
$1.1M
4 recorded transactions
2022
$1.1M
2022
Price N/A
2022
Price N/A
2015
$20,000

Zoning & alternative use

D-IL · Buffalo, NY
Zoning description

D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that developmen…

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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