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Property summary
This exceptional retail property at 471 Elmwood Avenue in Buffalo, NY, offers 16,560 square feet of space across three suites in a two-story building. Originally constructed in 1910 and renovated in 1980, this building boasts a desirable street-level retail presence in the vibrant Elmwood Village neighborhood. The property features convenient off-street parking in the rear, supplementing readily available on-street parking and nearby garage options at 489 Elmwood. A basement provides valuable storage space for tenants. The building's corner location offers excellent visibility and accessibility within a thriving commercial district. Elmwood Village is known for its mix of local businesses and national retailers, including Starbucks, Bank of America, M&T Bank, and Panera Bread. Its proximity to Buffalo State College and Delaware Park, a renowned Olmsted-designed park, contributes to a high concentration of young, educated professionals. This makes 471 Elmwood Avenue an ideal location for businesses seeking a strong presence in one of Upstate New York's most sought-after neighborhoods. The zip code is 14222.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
applied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
N-2C · Buffalo, NYapplied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
applied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for N-2C in Buffalo, NY.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
