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1172-1176 Hertel Ave 9,000 SF 100% Leased Retail Building Buffalo, NY 14216 $950,000 ($105.56/SF)
Executive Summary
Rare opportunity to own a well-known mixed-use investment property in the heart of North Buffalo’s highly desirable Hertel Avenue corridor. Located at 1172 Hertel Avenue, home to Terrapin Station and the Virgil Cigar Shop, this property has been proudly owned and maintained by the same owner for over 37 years. The building features two established commercial storefronts along with six residential apartments, offering a strong blend of retail presence and residential income. Several residential units have been updated over time while maintaining the character of the property. Both operating businesses are also available for purchase separately, presenting a unique opportunity for an investor or owner-operator seeking a turnkey acquisition. Positioned in one of Buffalo’s most vibrant commercial districts, this is a generational asset ready for its next ownership.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,000 SF
Building Class
C
Year Built
1928
Price
$950,000
Price Per SF
$105.56
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.49
Lot Size
0.14 AC
Zoning
N-3C
Parking
13 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Terrapin Station Ltd
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Terrapin Station Ltd | Retailer | - | - | - |
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140200-078-630-0004-022-000 | Improvements Assessment | $568,000 |
| Land Assessment | $57,000 | Total Assessment | $625,000 |
Property Taxes
Parcel Number
140200-078-630-0004-022-000
Land Assessment
$57,000
Improvements Assessment
$568,000
Total Assessment
$625,000
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1172-1176 Hertel Ave
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