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Property profile

279 Guilford St Buffalo, NY 14211

FOR LEASE
Specialty properties
Property ID
US63-2333585
6,784 SF 0.08 ac lot Built 1910
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,784-square-foot retail space at 279 Guilford Street in Buffalo, NY, presents a unique investment opportunity. Located in Erie County, this single-tenant property boasts a rich history as a banquet hall, completely renovated in 2022. The building, originally constructed in 1910, now features a brand-new roof and a fully updated interior, ready for immediate occupancy. The 6,784 square feet of vacant space offers ample room for a variety of uses, making it ideal for restaurants, bars, offices, or even a return to its banquet hall roots. The property sits on a 0.08-acre lot and includes a fenced-in parking lot, providing convenient parking for patrons or employees. The Commercial zoning allows for flexible use, and its location offers convenient access to Genesee Street. This meticulously renovated building combines historical charm with modern functionality, presenting a rare opportunity to establish a thriving business in a desirable Buffalo location. The property is zoned for commercial use and is ready for immediate occupancy. The address is 279 Guilford St, Buffalo, NY 14211.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1910
Total area 6,784 SF
Lot 0.08 ac (3,630 SF)
Zoning code N-3R
APN 140200 100.83-3-51
UPID US63-2333585

Cap rate & NOI

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

Location

279 Guilford St Buffalo, NY 14211
Buffalo metro Census 16600 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2014
1 recorded transaction
2014
$9,000

Zoning & alternative use

N-3R · Buffalo, NY
Zoning description

structure exists in the N-3R zone, any alteration to the structure must comply with the standards for the respective building type as applied in the N-3C zone. J. Elmwood Village Standards. 1. The Elmwood Village is defi…

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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