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1583 Niagara, 59-67 Forest Ave Dev Site 1583 Niagara St 23,484 SF 100% Leased Retail Building Buffalo, NY 14213 $1,299,900 ($55.35/SF)
Investment Highlights
- Signalized Corner Parcel 312 x 100
- 9,196 SW FT Storage/Office Facility
- 14,288 SQ FT All Brick Historical Building
Executive Summary
Sale of 4 Contiguous Parcels on a signalized corner with 2 structures across 0.77 Acres. Development Site features 67 Forest Ave which is a 14,288 SQ FT all brick mixed use building eligible for historical tax credits. Site also features a 9,200 sq foot masonry storage garage with multiple bay doors. The corner features a retail/office structure with 2 stories. Building ideal for redevelopment with opportunity to lease short term while project takes shape. Location features significant traffic along Niagara Street (primary thoroughfare) and immediate access to the 198 as well as a relatively close distance to exit 9 on 190.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
23,484 SF
Building Class
C
Year Built
1930
Price
$1,299,900
Price Per SF
$55.35
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.76
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
N-1S - Secondary Employment Center
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $308,900 | |
| Land Assessment | $213,800 | Total Assessment | $522,700 |
Property Taxes
Parcel Numbers
Land Assessment
$213,800
Improvements Assessment
$308,900
Total Assessment
$522,700
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1583 Niagara, 59-67 Forest Ave Dev Site | 1583 Niagara St
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