Property profile

2545 Niagara Fls Blvd Buffalo, NY 14228

OFF-MARKET
Turn key restaurants
Property ID
US63-2396054
5,595 SF 1.5 ac lot Built 1949
Individually Owned 12-yr Hold ~ Est. High Equity
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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

Location

2545 Niagara Fls Blvd Buffalo, NY 14228-3527
Buffalo metro Census 9116 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
$952k
Blend (final) Blend
$690k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $805,000 +16.0%
Neighborhood: shopping center $725,000 +4.8%

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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