3063 Genesee St Cheektowaga, NY 14225-2658
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
05C · Cheektowaga, NYCheektowaga. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.