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1516 Military Rd 11,200 SF Vacant Retail Building Buffalo, NY 14217 $1,850,000 ($165.18/SF)

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EXECUTIVE SUMMARY

For sale or master lease this 23-unit ghost kitchen. Hight tech building, fully undated. Hoods, Extraction, Grease Trap/Interceptor, High-end Walk-In Cold + Dry Storage, Industrial-Grade Water Heating, Gas, Makeup and Tempered Air, Staff Break Room, Locker Area, Courier Lounge, Receiving/Loading Area, Restrooms, Mop Wash, Trash/Recycle, Air Conditioning, Gas/Fire Safety System, Wi-Fi/ Phone. Unite SF range from 249 sf, 271 sf each.
Master lease rate $20. per SF NNN. makes this a great investment.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $15,951 $1.42
Operating Expenses - -
Total Expenses $15,951 $1.42

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $15,951
Annual Per SF $1.42
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $15,951
Annual Per SF $1.42

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,200 SF
Building Class
A
Year Built
1961
Price
$1,850,000
Price Per SF
$165.18
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
P-S - Performance Standards Use District
Parking
20 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
120’ on Military Road

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Security System
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 11,200 SF
  • Retail
  • -
  • Now

For sale or master lease this 23-unit ghost kitchen. Hight tech building, fully undated. Hoods, Extraction, Grease Trap/Interceptor, High-end Walk-In Cold + Dry Storage, Industrial-Grade Water Heating, Gas, Makeup and Tempered Air, Staff Break Room, Locker Area, Courier Lounge, Receiving/Loading Area, Restrooms, Mop Wash, Trash/Recycle, Air Conditioning, Gas/Fire Safety System, Wi-Fi/ Phone. Unite SF range from 249 sf, 271 sf each. Master lease rate $20. per SF NNN. makes this a great investment.

Space Size Space Use Position Available
1st Floor 11,200 SF Retail - Now

1st Floor

Size
11,200 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 11,200 SF
Space Use Retail
Position -
Available Now

For sale or master lease this 23-unit ghost kitchen. Hight tech building, fully undated. Hoods, Extraction, Grease Trap/Interceptor, High-end Walk-In Cold + Dry Storage, Industrial-Grade Water Heating, Gas, Makeup and Tempered Air, Staff Break Room, Locker Area, Courier Lounge, Receiving/Loading Area, Restrooms, Mop Wash, Trash/Recycle, Air Conditioning, Gas/Fire Safety System, Wi-Fi/ Phone. Unite SF range from 249 sf, 271 sf each. Master lease rate $20. per SF NNN. makes this a great investment.

NEARBY MAJOR RETAILERS

Tim Hortons
Lake Shore Savings Bank
Citizens Bank
Northwest Bank
Bank of America
Starbucks
Tops Friendly Markets
Hertz Equipment Rental
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
146489-065-120-0001-024-000
Land Assessment
$55,000
Improvements Assessment
$67,000
Total Assessment
$122,000
Annual Taxes
$15,951 ($1.42/SF)
Tax Year
2024
  • Listing ID: 35216478

  • Date on Market: 3/21/2025

  • Last Updated:

  • Address: 1516 Military Rd, Buffalo, NY 14217

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