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Property profile & analytics
OFF-MARKET
Investment properties

3063 Genesee St Cheektowaga, NY 14225-2658

1,892 SF 0.11 ac lot Built 1956
Entity Owned 1-yr Hold Free & Clear
Property ID
US63-2843946
Property summary
AI-generated overview

This 1,892 square foot multi-use commercial building, located at 3063 Genesee St in Cheektowaga, NY, presents a fantastic opportunity for a savvy investor. Situated on a 0.11-acre lot, this property is ideally suited for a variety of commercial uses, including but not limited to a salon, mini grocery store, or banquet hall. Recent updates significantly enhance the property's value and functionality. These improvements include a new hot water tank, furnace, electrical system, flooring, recessed lighting, and a freshly paved blacktop. The interior has been freshly painted, and the bathrooms have been renovated, with one being wheelchair accessible. However, it's important to note that the property requires sewer repairs. A buyer should conduct their own due diligence and inspection to assess the extent of the necessary repairs. The asking price has been significantly reduced to facilitate a quick sale. This property is being sold "AS IS" and is a cash-only sale. Don't miss this chance to acquire a versatile commercial space in a desirable location at a highly competitive price. The property's strong potential, coupled with the recent renovations, makes it an attractive investment opportunity.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1956
Total area 1,892 SF
Lot 0.11 ac (4,792 SF)
Zoning code 05C
APN 143089 91.18-7-3
UPID US63-2843946
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Phq Properties LLC · 1 yrs held
Phq Properties LLC
since 2025
Last sale
$120,000
5 recorded transactions
2025
$120,000
2019
$75,000
2019
$40,000
2018
Price N/A
2017
$26,000
Zoning & alternative use
05C · Cheektowaga, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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