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Property profile & analytics
OFF-MARKET
Manufacturing properties

61 Gates Ave Buffalo, NY 14218-1029

39,000 SF 3.18 ac lot Built 2000
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US63-1066940
Property summary
AI-generated overview

This exceptional 39,000-square-foot industrial property, situated on a 3.18-acre lot in Lackawanna, NY, presents a compelling investment opportunity. Built in 2000, this single-story building boasts a desirable location with high visibility from Route 5 (34,641 AADT), offering excellent access to major transportation arteries. The property features a spacious clear-span design with a 19-foot ceiling height at the center and 15-foot eaves, providing ample room for various industrial uses. Four 9'x10' dock-high doors and two grade-level doors ensure efficient loading and unloading. The building also includes a functional office space comprising a conference room, kitchenette, storage area, bullpen, and four private offices, catering to administrative needs. Ample parking is available with 30 spaces. Its strategic location offers convenient proximity to Route 5, I-90, Route 219, and the Peace Bridge, facilitating seamless regional and cross-border logistics. The asking price is $2,800,000, translating to $71.79 per square foot. This property is ideal for distribution, manufacturing, or warehousing operations seeking a well-maintained facility in a prime location. The property's address is 61 N Gates Ave, Lackawanna, NY 14218.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2000
Total area 39,000 SF
Lot 3.18 ac (138,521 SF)
Zoning code IND
APN 140900 141.07-4-11.2
UPID US63-1066940
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
Current use
Occupant on record · Public records
  • Lackawanna Municipal Housing Housing Authority
  • Greenbelt Industries LLC Industrial Manufacturer Production Facility
  • Sampla Belting North America Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
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by Request
Owner & transaction history
Northgates Co Group LLC · 16 yrs held
Northgates Co Group LLC
since 2009
Last sale
$2.0M
4 recorded transactions
2009
Price N/A
2009
$1.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IND · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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