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    OFF-MARKET Estimated value $690,000
    Turn key restaurants

    2545 Niagara Fls Blvd, Buffalo, NY 14228-3527

    5,595 SF 1.5 ac lot Built 1949
    Individually Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US63-2396054
    Property summary
    AI-generated overview

    This exceptional 1.5-acre redevelopment opportunity in Buffalo, NY, presents a unique chance to capitalize on a prime commercial location. The property boasts 12,107 square feet of existing building space, previously occupied by a successful restaurant, along with an adjacent duplex. The site features a large, paved parking lot accommodating 90+ vehicles, and benefits from high visibility due to its prominent corner location on Niagara Falls Boulevard and Ellicott Creek Road, a major thoroughfare with an average daily traffic count of 35,600 vehicles. The property is zoned for commercial use and offers significant road frontage (484 feet). Its strategic location in Amherst, NY, places it near numerous amenities, including Ellicott Creek Park, Amherst Office Park, and major retailers such as Tops, Wegmans, Kohl's, Target, Trader Joe's, Tim Horton's, and Anderson's Frozen Custard. The property's size and location make it suitable for a variety of development projects, offering significant potential for future growth and profitability. The existing structures provide immediate income potential while development plans are underway. This is a rare opportunity to acquire a substantial commercial property in a thriving area with excellent visibility and high traffic volume. The property is located at 2545 Niagara Falls Blvd, Buffalo, NY 14228. The single-story building is classified as Class B. The lot measures approximately 243 feet by 244 feet.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1949
    Total area 5,595 SF
    Lot 1.5 ac (65,340 SF)
    APN 142289 40.10-6-1.1
    UPID US63-2396054
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $952k
    Blend (final) Blend
    $690k
    Owner & transaction history
    Thomas J Pane · 12 yrs held
    Thomas J Pane
    since 2014
    1 recorded transaction
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $805,000 +16.0%
    Neighborhood: shopping center $725,000 +4.8%
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